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Guideline Value

Corporate

Guideline Value for Gokulam Nagar 2nd Main road

₹4400/sq.ft.

The guideline value for Gokulam Nagar 2nd 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 2nd Main Road

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Gokulam Nagar 2nd Main road guideline value

The current guideline value of Gokulam Nagar 2nd Main road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Moovarasampattu village under the Alandur SRO, classified as Commercial Class I Type - II.

How the guideline value of Gokulam Nagar 2nd Main road has changed

The guideline value for Gokulam Nagar 2nd Main road has seen significant changes over the years. In 2002, the value was Rs 134 per sq.ft, which increased to Rs 148 per sq.ft in 2003, marking a 10% rise. The value then experienced a substantial increase to Rs 650 per sq.ft in 2007, reflecting a growth of 339%. Following that, the value surged dramatically to Rs 4,000 per sq.ft in 2012, a remarkable increase of 515%. However, it then decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 4,000 per sq.ft, which was a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, a further increase of 10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 3184%.

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. Gokulam Nagar 2nd Main road's 2024 figure is above this median.

Stamp duty and registration fee for property in Gokulam Nagar 2nd Main road

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

Which Sub Registrar Office covers Gokulam Nagar 2nd Main road?

The Gokulam Nagar 2nd Main road falls under 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 when registering property in Moovarasampattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gokulam Nagar 2nd Main road?

The current guideline value of Gokulam Nagar 2nd Main road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 134 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 3184%.

What is the land classification of Gokulam Nagar 2nd Main road?

The land classification of Gokulam Nagar 2nd 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 the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Gokulam Nagar 2nd Main road, the current guideline value is used to determine the applicable stamp duty and registration fees.