Guideline Value for Tholkapiyar Street / Gokulam Colony

Tholkapiyar Street / Gokulam Colony guideline value

The current guideline value of Tholkapiyar Street / Gokulam Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Tholkapiyar Street / Gokulam Colony has changed

The guideline value for Tholkapiyar Street / Gokulam Colony has experienced significant changes over the years. From the 2002 revision, which recorded a value of Rs 200 per sq.ft, the value increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The 2007 revision saw a substantial increase to Rs 500 per sq.ft, representing a 121% change. By 2017, the guideline value had escalated to Rs 1,675 per sq.ft, a remarkable 235% increase from the previous revision. However, there is no figure for this street in the 2012 revision.

In the subsequent revisions, the value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The latest revision in 2024 set the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1275%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Tholkapiyar Street / Gokulam Colony's 2024 value above this median.

• Tholkappier Street, Pammal: Rs 1,980 per sq.ft (2024)
• Thomas Raj Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Thulasingam Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Thiru.Ve.Ka. Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• T.L. Raghupathy Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkapiyar Street / Gokulam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Tholkapiyar Street / Gokulam Colony?

The Sub Registrar Office that covers Tholkapiyar Street / Gokulam Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Pammal as it determines the minimum value at which a property can be registered. It is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Tholkapiyar Street / Gokulam Colony?

The current guideline value of Tholkapiyar Street / Gokulam Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which means that Tholkapiyar Street / Gokulam Colony's 2024 value is above this median.

What are the stamp duty rates for property in Tholkapiyar Street / Gokulam Colony?

The stamp duty for property in Tholkapiyar Street / Gokulam Colony is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Tholkapiyar Street / Gokulam Colony located?

The Sub Registrar Office for Tholkapiyar Street / Gokulam Colony is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.