Guideline Value for GOPALAKRISHNAN SALAI

Gopalakrishnan Salai guideline value

The current guideline value of Gopalakrishnan Salai is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gopalakrishnan Salai has changed

The guideline value for Gopalakrishnan Salai has seen significant changes over the years. In 2002, the value was Rs 805 per sq.ft, which increased to Rs 884 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 1,300 per sq.ft in 2007, an increase of 47%. In 2012, the guideline value was Rs 4,900 per sq.ft, which was a substantial increase of 277% from the previous revision. However, it dropped to Rs 3,283 per sq.ft in 2017, reflecting a decrease of 33%.

The most recent revisions show a rise in the guideline value, with it increasing to Rs 4,900 per sq.ft in 2023, followed by a further increase to Rs 5,300 per sq.ft in 2024, which is an 8% rise. Overall, from 2002 to 2024, the guideline value has increased by 558%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Gopalakrishnan Salai is below this median.

• GOVINDAN SALAI (Collectrate Colony): Rs 6,300 per sq.ft (2024)
• Govindaraj Street: Rs 4,400 per sq.ft (2024)
• Giri Street: Rs 6,300 per sq.ft (2024)
• Gill Nagar Extension 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension 1st Cross Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalakrishnan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, while the registration fee at 2% would be Rs 1,06,000, making the total fees Rs 4,77,000. 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 Gopalakrishnan Salai?

The Sub Registrar Office that covers Gopalakrishnan Salai is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Gopalakrishnan Salai?

The current guideline value of Gopalakrishnan Salai is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 805 per sq.ft in 2002 to Rs 5,300 per sq.ft in 2024, showing an overall increase of 558% over the years.

What are the stamp duty and registration fees for properties in Gopalakrishnan Salai?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which Sub Registrar Office covers Gopalakrishnan Salai?

The Kodambakkam Sub Registrar Office covers Gopalakrishnan Salai, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Gopalakrishnan Salai?

Gopalakrishnan Salai is classified as Residential Class II Type - I.