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Guideline Value

Corporate

Guideline Value for Gokulam Nagar 3rd main road

₹4400/sq.ft.

The guideline value for Gokulam Nagar 3rd 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 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 3rd Main Road

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Gokulam Nagar 3rd main road guideline value

The current guideline value of Gokulam Nagar 3rd main road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Commercial Class I Type - II.

How the guideline value of Gokulam Nagar 3rd main road has changed

The guideline value for Gokulam Nagar 3rd main road has seen several revisions over the years. The oldest recorded figure is from 2007, where the value was Rs 1,200 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 267%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Moovarasampattu

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

Stamp duty and registration fee for property in Gokulam Nagar 3rd 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 amount to 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 higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokulam Nagar 3rd main road?

The Gokulam Nagar 3rd main road falls under the jurisdiction of 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 details.

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

The guideline value is an essential factor in property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value of a property, which is critical during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Gokulam Nagar 3rd main road?

The current guideline value of Gokulam Nagar 3rd main road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,200 per sq.ft to Rs 4,400 per sq.ft in 2024, which is an overall increase of 267%.

What is the median guideline value in Moovarasampattu?

The median guideline value for the 68 streets in Moovarasampattu is Rs 3,300 per sq.ft, with Gokulam Nagar 3rd main road being above this median.

What are the stamp duty and registration fees for properties in Gokulam Nagar 3rd main road?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Gokulam Nagar 3rd main road?

The Alandur Sub Registrar Office handles registrations for Gokulam Nagar 3rd main road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.