Guideline Value for Gokulam Nagar

Gokulam Nagar guideline value

The current guideline value of Gokulam Nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Gokulam Nagar has changed

The guideline value for Gokulam Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 20 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision, marking a 900% increase. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, a drop of 33%. The value remained at Rs 200 per sq.ft in the 2023 revision and continues at this rate in the 2024 revision, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 900%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, positioning Gokulam Nagar's 2024 figure below this median.

• Grama Main Road: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Harshitha Avenue: Rs 150 per sq.ft (2024)
• Dr.Chandra Nagar: Rs 250 per sq.ft (2024)
• Crystal Park: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokulam Nagar?

The Sub Registrar Office covering Gokulam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maakaanyam. It serves as a benchmark to determine the minimum value at which properties can be registered, ensuring that the transaction is documented accurately.

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

Frequently asked questions

What is the current guideline value of Gokulam Nagar?

The current guideline value of Gokulam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Maakaanyam?

The median guideline value in Maakaanyam is Rs 250 per sq.ft, with Gokulam Nagar's value being below this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for properties in Gokulam Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 18,000 in fees.

Where is the Sub Registrar Office for Gokulam Nagar located?

The Sub Registrar Office for Gokulam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.