Guideline Value for Gokulam Street @ Eda Street

Gokulam Street @ Eda Street guideline value

The current guideline value of Gokulam Street @ Eda Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Gokulam Street @ Eda Street has changed

The guideline value for Gokulam Street @ Eda Street has undergone several revisions over the years. The earliest revision available is from 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision saw an increase to Rs 800 per sq.ft, and the most recent revision in 2024 raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division village under the Kanchipuram Joint IV SRO, there are 79 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which aligns with the current guideline value of Gokulam Street @ Eda Street.

• Govindan Street: Rs 880 per sq.ft (2024)
• Iyangarpalayam @ Thiruvaluvar Street: Rs 1,100 per sq.ft (2024)
• East Mada Street: Rs 1,100 per sq.ft (2024)
• Jeevanantham Nagar: Rs 880 per sq.ft (2024)
• Cross Street: Rs 1,650 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Street @ Eda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokulam Street @ Eda Street?

The Gokulam Street @ Eda Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in the Ist Division. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gokulam Street @ Eda Street?

The current guideline value for Gokulam Street @ Eda Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Gokulam Street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office handles registrations for Gokulam Street?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Gokulam Street @ Eda Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is used for calculating these fees.