Guideline Value

Corporate

Guideline Value for GOPAL NAGAR 1 TO 5 STREETS

₹1980/sq.ft.

The guideline value for Gopal Nagar 1 To 5 Streets in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gopal Nagar 1 To 5 Streets

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Gopal Nagar 1 To 5 Streets guideline value

The current guideline value for Gopal Nagar 1 To 5 Streets is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village and falls under the Pallavaram SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Gopal Nagar 1 To 5 Streets has changed

The guideline value for Gopal Nagar 1 To 5 Streets has seen several revisions over the years. The earliest recorded revision in 2012 set the guideline value at Rs 1,800 per sq.ft. This figure remained until the next revision in 2017, which decreased the value to Rs 1,206 per sq.ft. Following this, the guideline value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has risen by 10%.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft, with a median value of Rs 2,750 per sq.ft. Gopal Nagar 1 To 5 Streets' 2024 guideline value of Rs 1,980 per sq.ft is below this median.

Stamp duty and registration fee for property in Gopal Nagar 1 To 5 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopal Nagar 1 To 5 Streets?

The Sub Registrar Office that covers Gopal Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The buyer must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps to establish a fair assessment for taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process. It is advisable to consult the latest guideline value register for accurate information.

Frequently asked questions

What is the current guideline value for Gopal Nagar 1 To 5 Streets?

The current guideline value for Gopal Nagar 1 To 5 Streets is Rs 1,980 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 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then to Rs 1,800 per sq.ft in 2023, finally reaching Rs 1,980 per sq.ft in 2024.

What is the land classification for Gopal Nagar 1 To 5 Streets?

The land classification for Gopal Nagar 1 To 5 Streets is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Gopal Nagar 1 To 5 Streets?

The Sub Registrar Office for Gopal Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gopal Nagar 1 To 5 Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 19,80,000, leading to stamp duty and registration fees that total Rs 1,78,200.