Guideline Value for GOPAL NAIDU SANTHU STREET

Gopal Naidu Santhu Street guideline value

The current guideline value of Gopal Naidu Santhu Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Special Type - II.

How the guideline value of Gopal Naidu Santhu Street has changed

Over the years, the guideline value of Gopal Naidu Santhu Street has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, this value remained unchanged until the 2017 revision, which saw an increase to Rs 804 per sq.ft. The value then remained stable at Rs 1,200 per sq.ft during the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2012 to 2017 saw a decrease of 33%. Notably, the increase from 2007 to 2012 was a substantial 500%. Overall, from 2007 to 2024, the guideline value has increased by 500%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Gopal Naidu Santhu Street's 2024 guideline value of Rs 1,200 per sq.ft is above this median.

• Gopal Naidu Street: Rs 1,200 per sq.ft (2024)
• Gengai Vinayagar Kovil St: Rs 750 per sq.ft (2024)
• Gengai Amman Kovil St: Rs 750 per sq.ft (2024)
• Indara Nager New Colony: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-1st -ST: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-2st -ST: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Naidu Santhu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopal Naidu Santhu Street?

The Sub Registrar Office that covers Gopal Naidu Santhu Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Walajabad, the guideline value is crucial as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with the registration process.

The guideline value serves as a benchmark for property transactions, ensuring that the fees are assessed fairly based on the established rates. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gopal Naidu Santhu Street?

The current guideline value of Gopal Naidu Santhu Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,200 per sq.ft in both 2023 and 2024, and Rs 804 per sq.ft in 2017. The value was Rs 200 per sq.ft in 2007 and Rs 1,200 per sq.ft in 2012.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 12,00,000. The stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations for Gopal Naidu Santhu Street?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles property registrations for Gopal Naidu Santhu Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for assessing the fees based on the established rates in the area.