Guideline Value for GOPOLAPURAM (SA)

Gopolapuram (Sa) guideline value

The current guideline value of Gopolapuram (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Gopolapuram (Sa) has changed

Starting from the 2012 revision, the guideline value was Rs 500 per sq.ft. It then decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Gopolapuram (Sa). Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a guideline value range from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Gopolapuram (Sa) below this median.

• Gopola Krishnan Nagar (Kr): Rs 661 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 661 per sq.ft (2024)
• Green Valley Nagar: Rs 990 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)

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

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value ensures that the government collects appropriate taxes based on the property's assessed value. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Gopolapuram (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, then rose to Rs 500 per sq.ft in 2023, and finally increased to Rs 550 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 suitability for residential development.

Where can I find the registration office for Gopolapuram (Sa)?

The registration 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)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.