Guideline Value for GOPAL NAIDU ST

Gopal Naidu St guideline value

The current guideline value of Gopal Naidu St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Gopal Naidu St has changed

The guideline value for Gopal Naidu St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft from the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, which is the same as the current value for Gopal Naidu St.

• Gandhi St: Rs 990 per sq.ft (2024)
• Ismail St: Rs 990 per sq.ft (2024)
• Jaheer Usen St: Rs 990 per sq.ft (2024)
• Erikkarai St: Rs 990 per sq.ft (2024)
• Elite Avenue: Rs 2,200 per sq.ft (2024)
• Dr.M.G.R.St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Naidu St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopal Naidu St?

The Sub Registrar Office that covers Gopal Naidu St is the Avadi Sub Registrar Office. The address is 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 Paleripattu

The guideline value plays a crucial role in the registration process when buying or selling property in Paleripattu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate fees are calculated based on the higher of the two values, safeguarding the interests of the state and ensuring accurate revenue collection.

Frequently asked questions

What is the current guideline value of Gopal Naidu St?

The current guideline value of Gopal Naidu St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu with the same guideline value of Rs 990 per sq.ft include Gandhi St, Ismail St, Jaheer Usen St, Erikkarai St, and Dr.M.G.R.St.

Where can I find the registration office for Gopal Naidu St?

The registration office for Gopal Naidu St 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 is stamp duty calculated for properties in Gopal Naidu St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.