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Guideline Value

Corporate

Guideline Value for Gokulam Nagar 1st Main road

₹4400/sq.ft.

The guideline value for Gokulam Nagar 1st Main Road in Moovarasampattu village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moovarasampattu

Village

Alandur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹148 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹134 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gokulam Nagar 1st Main Road

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Gokulam Nagar 1st Main road guideline value

The current guideline value of Gokulam Nagar 1st Main road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Gokulam Nagar 1st Main road has changed

The guideline value for Gokulam Nagar 1st Main road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 134 per sq.ft. It increased to Rs 148 per sq.ft in 2003, marking a 10% increase. The next significant jump occurred in 2007, where the value rose to Rs 650 per sq.ft, reflecting a 339% increase. In 2012, the guideline value was Rs 4,000 per sq.ft, which represented a 515% increase from 2007. However, this value decreased by 33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the value increased by 49% to reach Rs 4,000 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, bringing the current guideline value to Rs 4,400 per sq.ft. There are no figures available for the revisions in years other than those listed.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Gokulam Nagar 1st Main road is above this median.

Stamp duty and registration fee for property in Gokulam Nagar 1st Main road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees total Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokulam Nagar 1st Main road?

The Gokulam Nagar 1st Main road is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moovarasampattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gokulam Nagar 1st Main road?

The current guideline value of Gokulam Nagar 1st Main road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting several revisions over the years.

What is the land classification for Gokulam Nagar 1st Main road?

The land classification for Gokulam Nagar 1st Main road is Commercial Class I Type - II.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Gokulam Nagar 1st Main road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,08,000.