Guideline Value

Corporate

Guideline Value for Gokulam Phase III

₹7100/sq.ft.

The guideline value for Gokulam Phase Iii in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Phase Iii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gokulam Phase III guideline value

The current guideline value of Gokulam Phase III is Rs 7,100 per sq.ft. This property is located in 1. Nolambur village, which falls under the Villivakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gokulam Phase III has changed

The guideline value for Gokulam Phase III has seen significant changes over the years. The 2017 revision set the value at Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision. The most recent change, effective from 1 July 2024, raised the guideline value to Rs 7,100 per sq.ft, marking a 9% increase from the previous year. Overall, the guideline value has increased by 63% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in the guideline value over this period.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is also the guideline value for Gokulam Phase III. Below are the guideline values for other streets in 1. Nolambur:

Stamp duty and registration fee for property in Gokulam Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000. Together, the total cost would be Rs 6,39,000. It is essential 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 information.

Which Sub Registrar Office covers Gokulam Phase III?

The Sub Registrar Office that covers Gokulam Phase III is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor when registering property transactions in 1. Nolambur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps establish a fair price for the property. This value is used to determine the necessary fees and taxes, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Gokulam Phase III?

The current guideline value of Gokulam Phase III is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and now to Rs 7,100 per sq.ft in 2024. This represents a total increase of 63% from 2017 to 2024.

What are the stamp duty and registration fees for Gokulam Phase III?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 4,97,000, and the registration fee is Rs 1,42,000, totaling Rs 6,39,000. The duty is applied to the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Gokulam Phase III?

The Villivakkam Sub Registrar Office covers Gokulam Phase III, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value?

The guideline value is significant as it determines the amount of stamp duty and registration fees payable during property transactions. It acts as a reference point for both buyers and sellers in the real estate market.