Guideline Value for Gokulapuram

Gokulapuram guideline value

The current guideline value of Gokulapuram is Rs 3,025 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Town village under the Chengleput Joint I SRO, classified as Residential Special Type - V.

How the guideline value of Gokulapuram has changed

The guideline value for Gokulapuram has seen several revisions over the years. The 2007 revision set the value at Rs 501 per sq.ft, which increased significantly to Rs 2,750 per sq.ft in 2012. However, there was a decrease to Rs 1,842 per sq.ft in 2017. The value rose again to Rs 2,750 per sq.ft in 2023, before reaching the current figure of Rs 3,025 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 504%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, which is the same as the current guideline value for Gokulapuram.

• Gundur Church Road: Rs 2,200 per sq.ft (2024)
• Gundur Colony: Rs 2,200 per sq.ft (2024)
• Gundur Colony Road: Rs 2,200 per sq.ft (2024)
• Gundur Kutta karai: Rs 2,200 per sq.ft (2024)
• Gundur Mettu Street: Rs 2,475 per sq.ft (2024)
• Gundur Parameswarapuram: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Gokulapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value would be Rs 30,25,000. The stamp duty at 7% would amount to Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, bringing the total to Rs 2,72,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gokulapuram?

The Sub Registrar Office that covers Gokulapuram is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Chengalpattu Town. It serves as the minimum value for property transactions, ensuring that the registration fees and stamp duties are calculated fairly based on the property's worth.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Gokulapuram?

The current guideline value of Gokulapuram is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 501 per sq.ft in 2007 to Rs 3,025 per sq.ft in 2024, reflecting an overall increase of 504% over the years.

What are the stamp duty and registration fees for property in Gokulapuram?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 2,72,250.

Which office handles property registrations in Gokulapuram?

The Chengleput Joint I Sub Registrar Office handles property registrations for Gokulapuram, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property transactions, which affects the calculation of stamp duty and registration fees. It ensures that the financial obligations in property transactions are based on the property's worth.