Guideline Value for GOKULAM NAGAR

Gokulam Nagar guideline value

The current guideline value of Gokulam Nagar is Rs 150 per sq.ft. This area falls under Thamaraipakkam village and is registered with the Tiruvallur Joint 1 SRO. The land classification is Residential Class III Type - I.

How the guideline value of Gokulam Nagar has changed

The guideline value for Gokulam Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. However, in the 2017 revision, it decreased to Rs 100 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 150 per sq.ft, which represents a 50% increase from the 2017 value.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 150 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thamaraipakkam

Currently, there are no specific village figures available for Thamaraipakkam. Gokulam Nagar is one of the streets under the Tiruvallur Joint 1 SRO. There are no other streets in Thamaraipakkam listed with guideline values.

Stamp duty and registration fee for property in Gokulam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 details.

Which Sub Registrar Office covers Gokulam Nagar?

The Sub Registrar Office that covers Gokulam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thamaraipakkam. 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 sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gokulam Nagar?

The current guideline value of Gokulam Nagar is Rs 150 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a peak of Rs 150 per sq.ft in 2012, a drop to Rs 100 per sq.ft in 2017, and a return to Rs 150 per sq.ft in 2023.

What is the registration office for Gokulam Nagar?

The registration office for Gokulam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the stamp duty rates applicable in Gokulam Nagar?

The stamp duty rate applicable in Gokulam Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Are there any other streets in Thamaraipakkam with guideline values?

No, there are currently no other streets in Thamaraipakkam listed with guideline values in the available records.