Guideline Value for GOPALAPURAM STREETS

Gopalapuram Streets guideline value

The current guideline value for Gopalapuram Streets in Thandurai village under the Avadi SRO is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Gopalapuram Streets has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rose significantly to Rs 1,200 per sq.ft in the 2023 revision, and further increased to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% rise. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, placing Gopalapuram Streets above this median.

• Gopalapuram West: Rs 1,300 per sq.ft (2024)
• Gangammal Koil St: Rs 988 per sq.ft (2024)
• HINDU COLLEGE to AMBEDKAR SILAI: Rs 1,980 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• I.A.F.Road Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Indira Gandhi Salai (Chozhan Nagar): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalapuram Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gopalapuram Streets?

The Gopalapuram Streets are covered by the Avadi Sub Registrar Office, located at 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 Thandurai

The guideline value plays a crucial role during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation set by the authorities.

When buying or selling property, the guideline value is used to assess the minimum value for registration purposes. This means that even if the sale price is lower than the guideline value, the stamp duty and registration fees will be based on the higher guideline value.

Frequently asked questions

What is the current guideline value of Gopalapuram Streets?

The current guideline value for Gopalapuram Streets is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an 8% rise. The value also increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, a 49% increase.

What is the land classification for Gopalapuram Streets?

Gopalapuram Streets are classified as Residential Special Type - III, indicating their designated use for residential purposes.

Where can I find the Sub Registrar Office for Gopalapuram Streets?

The Sub Registrar Office for Gopalapuram Streets 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 the stamp duty calculated for properties in Gopalapuram Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at a guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.