Guideline Value for GOPAL SHARMA NAGAR

Gopal Sharma Nagar guideline value

The current guideline value of Gopal Sharma Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Gopal Sharma Nagar has changed

The guideline value for Gopal Sharma Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 has further raised the value to Rs 330 per sq.ft, a change of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for Gopal Sharma Nagar.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. Gopal Sharma Nagar's 2024 guideline value aligns with this median.

• Gsp Nagar: Rs 275 per sq.ft (2024)
• Geroge Nagar: Rs 330 per sq.ft (2024)
• Geetha Nagar: Rs 330 per sq.ft (2024)
• Harikrishna Sharma Nagar: Rs 330 per sq.ft (2024)
• Indira Nagar: Rs 462 per sq.ft (2024)
• Gandhi Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Sharma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total of Rs 29,700. It is important to 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 Sharma Nagar?

The Sub Registrar Office that covers Gopal Sharma Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are recorded accurately and fairly in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Gopal Sharma Nagar?

The current guideline value of Gopal Sharma Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, marking an overall increase of 64%.

What are the registration fees for property in Gopal Sharma Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total registration fees would amount to Rs 29,700, which includes stamp duty and registration fees.

Which authority sets the guideline values in Tamil Nadu?

The guideline values in Tamil Nadu are set by the Registration Department, and the figures can be found in the guideline value register.

Where can I find the Sub Registrar Office for Gopal Sharma Nagar?

The Sub Registrar Office for Gopal Sharma Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.