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Guideline Value

Corporate

Guideline Value for Gokulam colony : -

₹3850/sq.ft.

The guideline value for Gokulam Colony : - in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹468 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹417 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Colony : -

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Gokulam colony : - guideline value

The current guideline value for Gokulam colony : - is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Gokulam colony : - has changed

The guideline value for Gokulam colony : - has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 417 per sq.ft. It increased to Rs 468 per sq.ft in 2003, followed by a significant rise to Rs 1,500 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but this was followed by a decrease to Rs 2,345 per sq.ft in 2017. The guideline value then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in the 2024 revision.

Between the revisions, the most notable changes include a 221% increase from 2002 to 2007 and a 49% increase from 2017 to 2023. The overall change from 2002 to 2024 is an increase of 823%. There are no figures available for revisions in years not listed in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Gokulam colony : - below this median.

Stamp duty and registration fee for property in Gokulam colony : -

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gokulam colony : -?

The Gokulam colony : - area is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

When buying or selling property in Velachery, the guideline value is a critical factor during the registration process. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

The guideline value is also used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Gokulam colony : -?

The current guideline value for Gokulam colony : - is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 417 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 823% over this period.

What is the land classification for Gokulam colony : -?

The land classification for Gokulam colony : - is Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated for properties in Gokulam colony : -?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.