Guideline Value for SREE GOKULAPURAM EXTN -3

Sree Gokulapuram Extn -3 guideline value

The current guideline value of Sree Gokulapuram Extn -3 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, classified as Residential Special Type - III.

How the guideline value of Sree Gokulapuram Extn -3 has changed

The guideline value for Sree Gokulapuram Extn -3 has undergone several revisions over the years. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, 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 change of +10%.

Prior to the 2023 revision, the register does not provide figures for this street in the earlier years mentioned. The 2024 figure of Rs 1,100 per sq.ft is the most recent update and reflects the current valuation for this property.

Guideline values in Sengundram - 1

Sengundram - 1 village has a total of 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, placing Sree Gokulapuram Extn -3 above that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Gokulapuram Extn -3?

The Sub Registrar Office that covers Sree Gokulapuram Extn -3 is 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 is an important factor during the registration of property transactions in Sengundram - 1. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two amounts is used to determine the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sree Gokulapuram Extn -3?

The current guideline value of Sree Gokulapuram Extn -3 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a change of +10%.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Sree Gokulapuram Extn -3 being above this median at Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for a property in Sree Gokulapuram Extn -3?

For a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be 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.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.