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 area is located in Panangottur village under the Chengleput Joint II SRO, 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. The 2012 revision set the value at Rs 400 per sq.ft, which was later 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 most recent 2024 revision raised it further to Rs 440 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, between 2017 and 2023, it saw a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing Gopolapuram (Sa) below this median.

• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 661 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 1,320 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,320 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 fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Panangottur. It serves as a baseline for calculating stamp duty and registration fees, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps determine the official valuation of the property, which can influence the transaction process and associated costs. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

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 increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, which is higher than the current value of Gopolapuram (Sa).

What are the stamp duty and registration fees for Gopolapuram (Sa)?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600.

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

The Sub Registrar Office for Gopolapuram (Sa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.