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 Ninna Karai 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 undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 400 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a rise of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Gopolapuram (Sa) below this median value.

• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,321 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 charges together 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.

You can use the stamp duty and registration fee calculator for further calculations.

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. To find more information, you can find your SRO.

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

The guideline value is a crucial factor used during the registration process of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

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.

Where can I find the Sub Registrar Office for Gopolapuram (Sa)?

The Sub Registrar Office for Gopolapuram (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Gopolapuram (Sa)?

The 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 4,40,000, the stamp duty would be Rs 30,800.