Guideline Value for SREE GOKULAPURAM EXTN -2 (CHEN)

Sree Gokulapuram Extn -2 (Chen) guideline value

The current guideline value for Sree Gokulapuram Extn -2 (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Sree Gokulapuram Extn -2 (Chen) has changed

Over the years, the guideline value for Sree Gokulapuram Extn -2 (Chen) has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. The 2023 revision increased it back to Rs 1,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, making the 2024 figure for Sree Gokulapuram Extn -2 (Chen) above that median.

• Sree Gokulapuram Extension: Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extn -3: Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram (Chen): 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 Extn -2 (Chen)

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Gokulapuram Extn -2 (Chen)?

The Sree Gokulapuram Extn -2 (Chen) 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 serves as a benchmark for property transactions in Sengundram - 1. It is used to determine the stamp duty and registration fees during the sale or purchase of properties in the area.

When registering a property, the guideline value is crucial as it ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value for Sree Gokulapuram Extn -2 (Chen)?

The current guideline value for Sree Gokulapuram Extn -2 (Chen) 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty rates applicable in this area?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Sree Gokulapuram Extn -2 (Chen)?

The Chengleput Joint II Sub Registrar Office handles property registration for Sree Gokulapuram Extn -2 (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How many streets are there in Sengundram - 1?

There are 126 streets in Sengundram - 1 under the Chengleput Joint II SRO, each with varying guideline values.