Guideline Value

Corporate

Guideline Value for V.G.N.GOKULAM GARDEN

₹1650/sq.ft.

The guideline value for V.g.n.gokulam Garden in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on V.g.n.gokulam Garden

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V.G.N.Gokulam Garden guideline value

The current guideline value of V.G.N.Gokulam Garden is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - IV.

How the guideline value of V.G.N.Gokulam Garden has changed

Over the years, the guideline value of V.G.N.Gokulam Garden has seen significant changes. In the 2007 revision, the value was Rs 350 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,005 per sq.ft in 2017 before rising again to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 371%. The changes between revisions include a 329% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. V.G.N.Gokulam Garden's 2024 guideline value is above this median.

Stamp duty and registration fee for property in V.G.N.Gokulam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers V.G.N.Gokulam Garden?

The V.G.N.Gokulam Garden is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. It is the minimum value set by the government for the registration of property sales, ensuring that properties are registered at a fair value. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration regulations.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are documented accurately and transparently, reflecting the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of V.G.N.Gokulam Garden?

The current guideline value of V.G.N.Gokulam Garden is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing a significant overall increase of 371% over this period.

What is the land classification for V.G.N.Gokulam Garden?

V.G.N.Gokulam Garden is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the registration office for V.G.N.Gokulam Garden?

The registration office covering V.G.N.Gokulam Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 16,50,000, with associated fees calculated accordingly.