Guideline Value for GOKULAM NAGAR

Gokulam Nagar guideline value

The current guideline value of Gokulam Nagar, located in Erandankattalai village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Gokulam Nagar has changed

The guideline value for Gokulam Nagar has undergone significant changes over the years. In the 2017 revision, the value was set at Rs 1,000 per sq.ft. The most recent revision in 2024 saw an increase of 65%, bringing the guideline value to Rs 1,650 per sq.ft. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

This increase from 2017 to 2024 reflects a substantial rise in the guideline value per sq.ft, indicating a shift in the valuation of properties in this area.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft, with a median value of Rs 1,100 per sq.ft. Gokulam Nagar's current guideline value of Rs 1,650 per sq.ft is above this median.

• Gokulam nagar phase - II: Rs 3,700 per sq.ft (2024)
• Golden Avenue: Rs 1,100 per sq.ft (2024)
• Giramani Street: Rs 1,100 per sq.ft (2024)
• Gandhi Salai: Rs 1,100 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Everest Garden - VI: Rs 1,100 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Gokulam Nagar?

The Gokulam Nagar area falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Erandankattalai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration of property transactions.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied. This value is essential for both buyers and sellers to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Gokulam Nagar?

The current guideline value of Gokulam Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an increase of 65%.

Are there any years without a guideline value for Gokulam Nagar?

Yes, the register has no figures for Gokulam Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Gokulam Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, with a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which office handles property registration for Gokulam Nagar?

The Pammal Sub Registrar Office handles property registration for Gokulam Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.