Guideline Value for GOPALA PURAM

Gopala Puram guideline value

The current guideline value of Gopala Puram in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Gopala Puram has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure was revised to Rs 804 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year’s figure of Rs 1,200 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes in the guideline value per sq.ft illustrate the fluctuations in property valuation over the years in Gopala Puram.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Gopala Puram is above this median.

• Gomathi Amman Nagar- Annex-27: Rs 879 per sq.ft (2024)
• Hare Ram Nagar: Rs 1,320 per sq.ft (2024)
• Heraram Street: Rs 1,100 per sq.ft (2024)
• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)
• Gandhi Puram-I & II: Rs 1,320 per sq.ft (2024)
• Indira Nagar: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Gopala Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gopala Puram?

The Gopala Puram area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gopala Puram?

The current guideline value of Gopala Puram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the value increasing from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. This reflects a significant change in property valuation over the years.

What is the land classification of Gopala Puram?

Gopala Puram is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Gopala Puram?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Gopala Puram?

The Tiruvallur Joint 1 Sub Registrar Office covers Gopala Puram, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.