Guideline Value for GOPOLAPURAM (SA)

Gopolapuram (Sa) guideline value

The current guideline value of Gopolapuram (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Gopolapuram (Sa) has changed

The guideline value for Gopolapuram (Sa) has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the latest 2024 revision has raised it further to Rs 440 per sq.ft, marking a 10% increase from the previous year.

When looking at the changes, the value rose significantly from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, reflecting a 49% increase. The overall change from the 2012 figure to the current 2024 figure shows a modest increase of 10% over the twelve-year period. It is important to note that the register has no figures for Gopolapuram (Sa) for the years 2002, 2003, and 2007.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, placing Gopolapuram (Sa) below this median.

• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)
• Gowsalya Nagar: Rs 1,980 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• Gsn Nagar Phase - I: Rs 660 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gopolapuram (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopolapuram (Sa)?

The Sub Registrar Office that covers Gopolapuram (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kattankollatur. 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 sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gopolapuram (Sa)?

The current guideline value of Gopolapuram (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Gopolapuram (Sa)?

Gopolapuram (Sa) is classified as Residential Class II Type - II, indicating its use for residential purposes.

What are the stamp duty rates for property in Gopolapuram (Sa)?

The stamp duty rate for property transactions in Gopolapuram (Sa) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Gopolapuram (Sa) located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.