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Guideline Value

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Guideline Value for GOKULAM STREET / NAGAR

₹660/sq.ft.

The guideline value for Gokulam Street / Nagar in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 603 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹603 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gokulam Street / Nagar

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Gokulam Street / Nagar guideline value

The current guideline value of Gokulam Street / Nagar in Nadukuthagai village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Gokulam Street / Nagar has changed

In the 2017 revision, the guideline value was Rs 603 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 603 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 660 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 9% increase in the guideline value. It is important to note that the register has no figures for Gokulam Street / Nagar for the years 2002, 2003, 2007, and 2012.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Gokulam Street / Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Gokulam Street / Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which totals Rs 46,200, and the registration fee at 2% amounts to Rs 13,200. Together, the total cost for these fees is Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokulam Street / Nagar?

The Sub Registrar Office that covers Gokulam Street / Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Nadukuthagai. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale or purchase.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration reflects the correct financial obligations of the buyer.

Frequently asked questions

What is the current guideline value of Gokulam Street / Nagar?

The current guideline value of Gokulam Street / Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 603 per sq.ft in 2017 to Rs 603 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024. This represents a 9% increase from 2023 to 2024 and an overall increase of 9% from 2017 to 2024.

What are the guideline values of other streets in Nadukuthagai?

Other streets in Nadukuthagai have varying guideline values, with rates ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft.

How is stamp duty calculated for properties in Gokulam Street / Nagar?

Stamp duty for properties in Gokulam Street / Nagar is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 6,60,000, the stamp duty at 7% amounts to Rs 46,200.

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

The Sub Registrar Office for Gokulam Street / Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.