Guideline Value for GOKULAM COLONY (WARD-20)

Gokulam Colony (Ward-20) guideline value

The current guideline value of Gokulam Colony (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Gokulam Colony (Ward-20) has changed

The guideline value for Gokulam Colony (Ward-20) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. However, the 2023 revision increased the value to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, representing a 10% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is +10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Gokulam Colony (Ward-20) above this median.

• Gopula Krishna Nagar (Tai): Rs 1,100 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Colony (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gokulam Colony (Ward-20)?

The Gokulam Colony (Ward-20) is covered by 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 Potheri

The guideline value is an essential factor when registering property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Gokulam Colony (Ward-20)?

The current guideline value of Gokulam Colony (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Potheri?

The median guideline value for streets in Potheri is Rs 770 per sq.ft, with Gokulam Colony (Ward-20) being above this median at Rs 880 per sq.ft.

What are the stamp duty and registration fees for property in Gokulam Colony (Ward-20)?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Gokulam Colony (Ward-20)?

The Chengleput Joint II Sub Registrar Office handles registrations for Gokulam Colony (Ward-20), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.