Guideline Value for GOKULAM NAGAR EXT

Gokulam Nagar Ext guideline value

The current guideline value of Gokulam Nagar Ext is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gokulam Nagar Ext has changed

Over the years, the guideline value of Gokulam Nagar Ext has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the value increased significantly in the 2023 revision to Rs 2,000 per sq.ft, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, indicating that Gokulam Nagar Ext's 2024 figure is below the median.

• Golden Avenue: Rs 2,200 per sq.ft (2024)
• Gowthama Nagar: Rs 2,160 per sq.ft (2024)
• Ganga Nagar: Rs 3,080 per sq.ft (2024)
• Ganga Garden: Rs 1,980 per sq.ft (2024)
• Ganesh Nagar: Rs 4,125 per sq.ft (2024)
• Gandhi Street: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gokulam Nagar Ext?

The Sub Registrar Office that covers Gokulam Nagar Ext is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kilkattalai. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value reflects the government’s assessment of property values in the area, which helps ensure transparency in property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should consider the guideline value when negotiating the sale price, as the duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Gokulam Nagar Ext?

The current guideline value of Gokulam Nagar Ext is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Gokulam Nagar Ext?

Gokulam Nagar Ext is classified as Residential Class I Type - III.

Where can I find the registration office for Gokulam Nagar Ext?

The registration office for Gokulam Nagar Ext is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Gokulam Nagar Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000.