Guideline Value for SREE GOKULAPURAM EXTENSION

Sree Gokulapuram Extension guideline value

The current guideline value of Sree Gokulapuram Extension is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sree Gokulapuram Extension has changed

The guideline value for Sree Gokulapuram Extension has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise.

Prior to the 2023 revision, the register does not contain figures for this street in the years mentioned. The most recent revision indicates a clear upward trend in the guideline value, reflecting the current rate applicable from July 2024.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Sree Gokulapuram Extension above this median.

• Sree Gokulapuram (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extn -2 (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extn -3: Rs 1,100 per sq.ft (2024)
• Sree Gomathees Varar Nagar: Rs 770 per sq.ft (2024)
• Sree Nagar Part -II: Rs 1,100 per sq.ft (2024)
• Sree Nagar Part -III: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Gokulapuram Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sree Gokulapuram Extension?

The Sree Gokulapuram Extension falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sree Gokulapuram Extension?

The current guideline value of Sree Gokulapuram Extension is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values. For example, Sree Gomathees Varar Nagar is valued at Rs 770 per sq.ft, while several other streets are valued at Rs 1,100 per sq.ft.

What are the fees associated with property registration in Sree Gokulapuram Extension?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sree Gokulapuram Extension?

The Chengleput Joint II Sub Registrar Office covers Sree Gokulapuram Extension and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.