Guideline Value for GOKULAM NAGAR

Gokulam Nagar guideline value

The current guideline value of Gokulam Nagar, located in Pulipurakoil village under the Madurandakam SRO, is Rs 120 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Gokulam Nagar has changed

Over the years, the guideline value of Gokulam Nagar has experienced several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 120 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 80 per sq.ft. Following this, the value increased by 50% in the 2023 revision, bringing it back to Rs 120 per sq.ft. The most recent revision in 2024 maintained this value at Rs 120 per sq.ft, showing no change from the previous year.

Additionally, it is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Gokulam Nagar. This indicates that the guideline value was not established for this street during those years.

Guideline values in Pulipurakoil

In Pulipurakoil, there are six streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 120 per sq.ft, which is equal to the current guideline value for Gokulam Nagar.

• Gokulam Nagar Phase -II: Rs 150 per sq.ft (2024)
• Sakthi Nagar Phase-II: Rs 120 per sq.ft (2024)
• Sri Azhagu Thiruvathamman Nagar: Rs 101 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Durgai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees to Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Gokulam Nagar?

The Sub Registrar Office that covers Gokulam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Pulipurakoil. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Gokulam Nagar?

The current guideline value of Gokulam Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions from Rs 120 per sq.ft in 2012 to Rs 80 per sq.ft in 2017, then back to Rs 120 per sq.ft in 2023 and 2024.

What are the other streets in Pulipurakoil with their guideline values?

Other streets in Pulipurakoil include Gokulam Nagar Phase -II at Rs 150 per sq.ft, Sakthi Nagar Phase-II at Rs 120 per sq.ft, Sri Azhagu Thiruvathamman Nagar at Rs 101 per sq.ft, Sri Sai Nagar at Rs 100 per sq.ft, and Durgai Nagar at Rs 300 per sq.ft for 2024.

What is the stamp duty rate for properties in Gokulam Nagar?

The stamp duty rate for properties in Gokulam Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gokulam Nagar?

The Sub Registrar Office for Gokulam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.