Guideline Value for Gokulam Avenue

Gokulam Avenue guideline value

The current guideline value of Gokulam Avenue is Rs 300 per sq.ft. This street is located in Neeradi village, under the Uthiramerur SRO, and is classified as Residential Special Type - II.

How the guideline value of Gokulam Avenue has changed

The guideline value for Gokulam Avenue has remained consistent at Rs 300 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Therefore, from 2023 to 2024, there was no change in the guideline value, with an increase of 0%. The current value reflects the ongoing stability in the pricing for this area.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft, with a median value of Rs 202 per sq.ft. Gokulam Avenue's 2024 figure of Rs 300 per sq.ft is above this median.

• Kattuppakkam Kalani: Rs 202 per sq.ft (2024)
• Kuppaiyanaloor Kalani: Rs 202 per sq.ft (2024)
• Manithottam: Rs 300 per sq.ft (2024)
• Mettu Kalani: Rs 202 per sq.ft (2024)
• Nalloor Kalani: Rs 202 per sq.ft (2024)
• Naloor Kulakkarai: Rs 202 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 of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Gokulam Avenue?

The Gokulam Avenue falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Neeradi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value will be referenced to ascertain the applicable fees, which must be paid at the time of registration. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Gokulam Avenue?

The current guideline value of Gokulam Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gokulam Avenue has remained at Rs 300 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000.

Which office handles property registration for Gokulam Avenue?

The Uthiramerur Sub Registrar Office handles property registration for Gokulam Avenue. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the significance of the guideline value?

The guideline value is essential for determining the minimum value for stamp duty and registration fees during property transactions. It ensures that the government receives appropriate revenue and maintains standardization in property dealings.