Guideline Value for GOPAL NAICKEN STREET

Gopal Naicken Street guideline value

The current guideline value of Gopal Naicken Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Gopal Naicken Street has changed

Over the years, the guideline value of Gopal Naicken Street has seen significant changes. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. From there, it rose to Rs 550 per sq.ft in 2007, and then experienced a substantial increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017 before climbing to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 805%. The register has no figures for the years not mentioned above.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Gopal Naicken Street's 2024 guideline value is above this median.

• Goutham Street: Rs 2,700 per sq.ft (2024)
• Govindan Street: Rs 3,800 per sq.ft (2024)
• Govindapuram Hut: Rs 1,600 per sq.ft (2024)
• Govindapuram Street: Rs 2,200 per sq.ft (2024)
• Govindasami Naicken Street: Rs 3,200 per sq.ft (2024)
• Golden Complex (Mkb Nagar): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. It is important to note that the 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 Gopal Naicken Street?

The Sub Registrar Office that covers Gopal Naicken Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on this guideline value or the actual sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gopal Naicken Street?

The current guideline value of Gopal Naicken Street is Rs 3,800 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 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and decreases across different revisions.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, while Gopal Naicken Street's value is above this median.

What are the stamp duty and registration fees for a property in Gopal Naicken Street?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Where is the Sub Registrar Office for Gopal Naicken Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covering Gopal Naicken Street.