Guideline Value for GOKULAM AVENUE

Gokulam Avenue guideline value

The current guideline value of Gokulam Avenue is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Nallur_2 village under the Redhills SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Gokulam Avenue has changed

The guideline value for Gokulam Avenue has seen a significant increase from the 2017 revision to the 2023 revision. In 2017, the guideline value was Rs 1,005 per sq.ft, and it rose to Rs 1,500 per sq.ft in 2023, marking an increase of 49% over this period.

Prior to the 2017 revision, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions recorded are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no specific guideline values listed for other streets in Nallur_2 under the Redhills SRO. Gokulam Avenue is the only street mentioned with an active guideline value.

Stamp duty and registration fee for property in Gokulam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, and the registration fee, at 2%, would be Rs 30,000. Therefore, the total amount for stamp duty and registration would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gokulam Avenue?

The Gokulam Avenue falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Gokulam Avenue?

The current guideline value of Gokulam Avenue is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a rise of 49%.

Are there any guideline values for other streets in Nallur_2?

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO.

What are the stamp duty and registration fees for properties in Gokulam Avenue?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for Gokulam Avenue?

The Redhills Sub Registrar Office handles the registration for Gokulam Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.