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Guideline Value

Corporate

Guideline Value for GOKUL NAGAR (KR)

₹1100/sq.ft.

The guideline value for Gokul Nagar (kr) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gokul Nagar (kr)

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Gokul Nagar (Kr) guideline value

The current guideline value of Gokul Nagar (Kr) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Gokul Nagar (Kr) has changed

The guideline value for Gokul Nagar (Kr) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft. Notably, there are no figures available for this street in the years 2002, 2003, and 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Gokul Nagar (Kr).

Stamp duty and registration fee for property in Gokul Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gokul Nagar (Kr)?

The Sub Registrar Office that covers Gokul Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is a crucial factor when registering property in Sattamangalam. It determines the minimum value at which a property can be sold, and it is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the area's market conditions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gokul Nagar (Kr)?

The current guideline value of Gokul Nagar (Kr) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with a decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, followed by an increase to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Gokul Nagar (Kr)?

Gokul Nagar (Kr) is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What is the role of the Chengleput Joint II SRO?

The Chengleput Joint II SRO is responsible for maintaining the guideline values and overseeing property registrations in the area, ensuring that transactions are conducted according to the established regulations.

How is the stamp duty calculated for properties in Gokul Nagar (Kr)?

Stamp duty for properties in Gokul Nagar (Kr) is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.