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Guideline Value

Corporate

Guideline Value for GOPALAKRISHNA IYER STREET/GOPALAKRISHNAN ROAD

₹14300/sq.ft.

The guideline value for Gopalakrishna Iyer Street/gopalakrishnan Road in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 14300 per sq.ft, effective 1 July 2024. It was Rs 13000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹14300 /sq.ft.
From 1-4-2023 ₹13000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8710 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gopalakrishna Iyer Street/gopalakrishnan Road

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Gopalakrishna Iyer Street/Gopalakrishnan Road guideline value

The current guideline value for Gopalakrishna Iyer Street/Gopalakrishnan Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Gopalakrishna Iyer Street/Gopalakrishnan Road has changed

The guideline value for Gopalakrishna Iyer Street/Gopalakrishnan Road has seen significant changes over the years. From the 2017 revision, which was Rs 8,710 per sq.ft, the value increased to Rs 13,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 shows an increase to Rs 14,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Gopalakrishna Iyer Street/Gopalakrishnan Road above this median.

Stamp duty and registration fee for property in Gopalakrishna Iyer Street/Gopalakrishnan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gopalakrishna Iyer Street/Gopalakrishnan Road?

The Sub Registrar Office that covers Gopalakrishna Iyer Street/Gopalakrishnan Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tnagar. 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 registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Gopalakrishna Iyer Street/Gopalakrishnan Road?

The current guideline value for Gopalakrishna Iyer Street/Gopalakrishnan Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 8,710 per sq.ft in 2017 to Rs 14,300 per sq.ft in 2024, which is a 64% increase overall. The most recent increase was from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting a 10% rise.

What are the guideline values for other streets in Tnagar?

Other streets in Tnagar have varying guideline values, with Gopal Street at Rs 7,700 per sq.ft, Govindan Street at Rs 9,900 per sq.ft, and Gokulam Colony at Rs 6,600 per sq.ft. The highest values in the area are on G.N.Chetty Road, which ranges from Rs 27,500 per sq.ft.

What is the stamp duty rate in Tnagar?

The stamp duty rate in Tnagar is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable to the transaction.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Thiyagaraya nagar Sub Registrar Office at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For more details, you can use the find your SRO link.