Guideline Value for Gokulam Apartments

Gokulam Apartments guideline value

The current guideline value of Gokulam Apartments is Rs 2,310 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village and falls under the Padappai SRO. The land classification is Residential Class II Type - I.

How the guideline value of Gokulam Apartments has changed

The guideline value for Gokulam Apartments has seen several revisions over the years. In 2012, the guideline value was Rs 2,100 per sq.ft, which then decreased to Rs 1,407 per sq.ft in 2017. Following this, the value increased to Rs 2,100 per sq.ft in 2023, and currently stands at Rs 2,310 per sq.ft from the 2024 revision.

Between the revisions, the changes are notable. The increase from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024 represents a 10% rise. From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value for Gokulam Apartments.

• George Theru: Rs 1,980 per sq.ft (2024)
• Good Will Nagar: Rs 2,310 per sq.ft (2024)
• Good Will Nagar Extension: Rs 2,310 per sq.ft (2024)
• Gopal Nagar: Rs 2,970 per sq.ft (2024)
• Gangadharan Theru: Rs 1,650 per sq.ft (2024)
• Ganesh Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gokulam Apartments?

The Gokulam Apartments fall under the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market conditions as determined by the state authorities. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Gokulam Apartments?

The current guideline value for Gokulam Apartments is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gokulam Apartments has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then increased to Rs 2,100 per sq.ft in 2023, and is now Rs 2,310 per sq.ft in 2024.

What is the land classification for Gokulam Apartments?

The land classification for Gokulam Apartments is Residential Class II Type - I.

Where can I find the registration office for Gokulam Apartments?

The registration office for Gokulam Apartments is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Gokulam Apartments?

Stamp duty for properties in Gokulam Apartments is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 23,10,000, the stamp duty at 7% would be Rs 1,61,700.