Guideline Value for Gokulam Avenue

Gokulam Avenue guideline value

The current guideline value of Gokulam Avenue is Rs 335 per sq.ft, effective from 1 July 2024. It is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Special Type - III.

How the guideline value of Gokulam Avenue has changed

The guideline value for Gokulam Avenue has remained at Rs 335 per sq.ft since the 2023 revision, which also listed the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

Thus, from the 2023 to the 2024 revision, there has been a change of +0%. The current guideline value reflects stability in the pricing for this street over the last two revisions.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Gokulam Avenue's guideline value of Rs 335 per sq.ft is above this median.

• Gattu Street: Rs 300 per sq.ft (2024)
• Gattu Namasivayam Street: Rs 500 per sq.ft (2024)
• Green Garden: Rs 200 per sq.ft (2024)
• Hariprasad Nagar: Rs 300 per sq.ft (2024)
• High Road towards Puduvoyal { Upto Ananda Theatre }: Rs 400 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Avenue

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total to Rs 30,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gokulam Avenue?

The Sub Registrar Office that covers Gokulam Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is crucial during the registration process when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Gokulam Avenue?

The current guideline value of Gokulam Avenue is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 335 per sq.ft since the 2023 revision. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Gokulam Avenue?

Gokulam Avenue is classified as Residential Special Type - III under the Arani_Tiruvallur SRO.

What are the stamp duty and registration fees for Gokulam Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,35,000, resulting in a stamp duty of Rs 23,450 and a registration fee of Rs 6,700, totaling Rs 30,150.

Where can I find the Sub Registrar Office for Gokulam Avenue?

The Sub Registrar Office for Gokulam Avenue is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find more details online.