Guideline Value for Gopal Chetty Street

Gopal Chetty Street guideline value

The current guideline value of Gopal Chetty Street is Rs 1,760 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gopal Chetty Street has changed

The guideline value for Gopal Chetty Street has undergone several revisions over the years. In 2003, the guideline value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value saw a significant rise to Rs 1,072 per sq.ft in 2017, marking a 257% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, reflecting a 49% increase from 2017. The most recent revision in 2024 has raised the guideline value to Rs 1,760 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the revisions in 2002 and 2012 for Gopal Chetty Street. Overall, from 2003 to 2024, the guideline value has increased by 549%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Gopal Chetty Street's 2024 guideline value is below this median.

• GowriAvenue: Rs 1,760 per sq.ft (2024)
• Gowri Avenue IIIrd Cross Street: Rs 1,760 per sq.ft (2024)
• Gowri Avenue IInd Street: Rs 1,760 per sq.ft (2024)
• Gowri Avenue Ist Street: Rs 1,760 per sq.ft (2024)
• G.K.Nagar IVth Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar Ist Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, leading to a total of Rs 1,58,400. 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 Chetty Street?

The Sub Registrar Office that covers Gopal Chetty Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately according to the prevailing rates set by the registration department.

Frequently asked questions

What is the current guideline value of Gopal Chetty Street?

The current guideline value of Gopal Chetty Street is Rs 1,760 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 271 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 549% over the years.

What are the stamp duty and registration fees for properties on Gopal Chetty Street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration for Gopal Chetty Street?

The Pammal Sub Registrar Office handles the registration for Gopal Chetty Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Gopal Chetty Street?

Gopal Chetty Street is classified as Residential Class II Type - I, which is important for understanding the usage and development potential of the land.