Guideline Value for Gokul Nagar

Gokul Nagar guideline value

The current guideline value of Gokul Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Gokul Nagar has changed

Over the years, the guideline value for Gokul Nagar has seen several revisions. The 2007 revision set the value at Rs 620 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 61% rise. In 2017, the value further increased to Rs 670 per sq.ft, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision remains unchanged at Rs 1,000 per sq.ft, indicating no percentage change from the previous year.

Additionally, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 61%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current figure for Gokul Nagar.

• Godwin Nagar: Rs 1,000 per sq.ft (2024)
• Gowtham Nagar: Rs 1,000 per sq.ft (2024)
• Guru Gnanesh Nagar: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• I.H.F.D Nagar: Rs 1,000 per sq.ft (2024)
• Jasmine Nagar (I, II): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gokul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, together totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gokul Nagar?

The Sub Registrar Office that covers Gokul Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Adhanoor, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. The guideline value helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Gokul Nagar?

The current guideline value of Gokul Nagar is Rs 1,000 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 recent being Rs 1,000 per sq.ft in both 2023 and 2024. The value was Rs 670 per sq.ft in 2017 and Rs 620 per sq.ft in 2007.

What is the land classification for Gokul Nagar?

The land classification for Gokul Nagar is Residential Special Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft property at the guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Gokul Nagar?

The Gooduvancheri Sub Registrar Office covers Gokul Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.