Guideline Value for Gopal Street

Gopal Street guideline value

The current guideline value of Gopal Street is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Gopal Street has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This value increased to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 100%, bringing it back to Rs 806 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirmed the guideline value at Rs 806 per sq.ft, reflecting no change from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for Gopal Street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Gopal Street's 2024 figure of Rs 806 per sq.ft is below this median.

• Govinda Swami Street: Rs 806 per sq.ft (2024)
• Golden star Nagar: Rs 805 per sq.ft (2024)
• Grace Avenue: Rs 1,200 per sq.ft (2024)
• G.K.N.Garden: Rs 880 per sq.ft (2024)
• Hari Krishna Nagar: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar Balaji Avenue: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopal Street?

The Sub Registrar Office that covers Gopal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kovilpathagai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the overall costs involved in the registration process. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gopal Street?

The current guideline value of Gopal Street is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Gopal Street?

Gopal Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Gopal Street?

For a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420, and the registration fee would be Rs 16,120, totaling Rs 72,540.

Which office handles registrations for Gopal Street?

The Ambattur Sub Registrar Office handles registrations for Gopal Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.