Guideline Value for Gokulam Street

Gokulam Street guideline value

The current guideline value of Gokulam Street in Peerklankaranai village is Rs 2,200 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Gokulam Street has changed

The guideline value of Gokulam Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure remained the same until 2017, when it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no figures available for Gokulam Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Gokulam Street's 2024 figure above this median.

• Gayathri Street: Rs 1,980 per sq.ft (2024)
• G.S.T. Road: Rs 4,400 per sq.ft (2024)
• Gandhi St Vard 8th: Rs 1,980 per sq.ft (2024)
• Gandhi St: Rs 1,320 per sq.ft (2024)
• Gandhi Road: Rs 1,980 per sq.ft (2024)
• Imanuel IIIrd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to 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?

The Sub Registrar Office that covers Gokulam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Peerklankaranai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenues in the form of stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a reference point for both parties. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Gokulam Street?

The current guideline value of Gokulam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Gokulam Street?

Gokulam Street is classified as Residential Special Type - I under the Tambaram Joint 1 SRO.

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

For a plot of 1,000 sq.ft, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, making the total fees Rs 1,98,000.

Which office covers Gokulam Street for registration?

The Tambaram Joint 1 Sub Registrar Office covers Gokulam Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.