Guideline Value for GOPALAPURAM WEST

Gopalapuram West guideline value

The current guideline value for Gopalapuram West, located in Thandurai village under the Avadi SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Gopalapuram West has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The change from 2023 to 2024 reflects an 8% rise. Overall, comparing the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Gopalapuram West's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• Gopalapuram Streets: 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 West

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopalapuram West?

The Gopalapuram West area is 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 is an essential factor during property registration in Thandurai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This helps in maintaining a standard process across all transactions, making it easier for both buyers and sellers to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Gopalapuram West?

The current guideline value of Gopalapuram West 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 several changes, starting from Rs 1,200 per sq.ft in 2012, dropping to Rs 804 per sq.ft in 2017, rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,300 per sq.ft in 2024.

What is the land classification for Gopalapuram West?

The land classification for Gopalapuram West is Residential Special Type - III, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Gopalapuram West?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.