Guideline Value for Gothumaikollai Street

Gothumaikollai Street guideline value

The current guideline value of Gothumaikollai Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Gothumaikollai Street has changed

The guideline value for Gothumaikollai Street has remained stable at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the guideline value was Rs 402 per sq.ft, reflecting a significant increase of 49% to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the current guideline value of Gothumaikollai Street.

• Guberan Nagar: Rs 320 per sq.ft (2024)
• Gangaiamman Koil street: Rs 400 per sq.ft (2024)
• Gandhi Street: Rs 600 per sq.ft (2024)
• Irular Colony (Erikkarai Street): Rs 300 per sq.ft (2024)
• Jaheer Hussain Street: Rs 800 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Gothumaikollai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. 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 Gothumaikollai Street?

The Sub Registrar Office that covers Gothumaikollai Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Gothumaikollai Street?

The current guideline value of Gothumaikollai Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 600 per sq.ft from 2023 to 2024. It increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase.

What are the guideline values of other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is the same as Gothumaikollai Street's current guideline value.

What is the stamp duty rate for properties in Gothumaikollai Street?

The stamp duty rate for properties in Gothumaikollai Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000.

Which office handles registrations for Gothumaikollai Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Gothumaikollai Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.