Guideline Value for GOPIKRISHNA BRINDAVANAM

Gopikrishna Brindavanam guideline value

The current guideline value of Gopikrishna Brindavanam is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this region is Residential Class IV Type - I.

How the guideline value of Gopikrishna Brindavanam has changed

The guideline value for Gopikrishna Brindavanam has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 has increased the value to Rs 1,700 per sq.ft, marking a 13% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Gopikrishna Brindavanam's 2024 figure below this median.

• GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET: Rs 1,700 per sq.ft (2024)
• GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET: Rs 1,700 per sq.ft (2024)
• GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET: Rs 1,700 per sq.ft (2024)
• GOVERNMENT FISHERMAN HOUSING 4th CROSS STREET: Rs 1,700 per sq.ft (2024)
• GOVERNMENT FISHERMAN HOUSING 5th CROSS STREET: Rs 1,700 per sq.ft (2024)
• GOVERNMENT FISHERMAN HOUSING 6th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gopikrishna Brindavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total charges to Rs 1,53,000. It is essential 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 Gopikrishna Brindavanam?

The Sub Registrar Office that covers Gopikrishna Brindavanam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Enjambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value helps determine the minimum value at which the property can be sold. This ensures that all transactions are conducted transparently and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Gopikrishna Brindavanam?

The current guideline value of Gopikrishna Brindavanam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Gopikrishna Brindavanam?

The land classification for Gopikrishna Brindavanam is Residential Class IV Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Gopikrishna Brindavanam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 17,00,000, leading to a stamp duty of Rs 1,19,000.