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 Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

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

Over the years, the guideline value of Gokulam Colony (Ward-20) has seen several revisions. In 2012, the guideline value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and currently stands at Rs 880 per sq.ft for the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 825 per sq.ft, placing Gokulam Colony (Ward-20) above this median.

• Gopula Krishna Nagar (Tai): Rs 880 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 amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Gokulam Colony (Ward-20) 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 Vallancheri

The guideline value is crucial when buying or selling property in Vallancheri, as it determines the minimum value on which stamp duty and registration fees are calculated. Understanding the guideline value helps buyers and sellers to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value is used to assess the applicable duties. It is essential for both parties in a transaction to be aware of the current guideline values to avoid any discrepancies during the registration process.

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 seen various changes, from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, and then increasing to Rs 800 per sq.ft in 2023, before reaching Rs 880 per sq.ft in 2024.

What is the land classification for Gokulam Colony (Ward-20)?

The land classification for Gokulam Colony (Ward-20) is Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gokulam Colony (Ward-20)?

Stamp duty for properties in Gokulam Colony (Ward-20) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.