Guideline Value for Gokul Garden

Gokul Garden guideline value

The current guideline value of Gokul Garden is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Porur village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Gokul Garden has changed

The guideline value for Gokul Garden has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 4,950 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2007 to 2012, the value increased by 350%, but then decreased by 33% from 2012 to 2017. The subsequent increase from 2017 to 2023 was 49%, and the latest change from 2023 to 2024 is a rise of 10%. Overall, from 2007 to 2024, the guideline value has increased by 395%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing Gokul Garden's 2024 figure above that median.

• Govindaraj Nagar: Rs 3,960 per sq.ft (2024)
• Ganesh Avenue & Nagar: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue Main Road: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 9th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 8th Street 2nd Lane: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 8th Street 1st Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Gokul Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gokul Garden?

The Gokul Garden area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Porur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It ensures that the transaction is recorded at a value that reflects the current market conditions as set by the local authorities.

Frequently asked questions

What is the current guideline value of Gokul Garden?

The current guideline value of Gokul Garden is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase from Rs 1,000 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, representing an overall increase of 395%.

What is the land classification for Gokul Garden?

Gokul Garden is classified as Mixed Special Type - I, which indicates its suitability for various types of development and usage.

What are the stamp duty and registration fees for properties in Gokul Garden?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for the Gokul Garden area.