Guideline Value for Gopal Doss Salai

Gopal Doss Salai guideline value

The current guideline value of Gopal Doss Salai is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gopal Doss Salai has changed

The guideline value for Gopal Doss Salai has undergone several revisions over the years. In 2002, the guideline value was Rs 674 per sq.ft. This increased to Rs 740 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly to Rs 945 per sq.ft in 2007, which was an increase of 28%. By 2012, the value reached Rs 6,000 per sq.ft, reflecting a substantial increase of 535% from the previous revision. However, it saw a decrease of 33% to Rs 4,020 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49% to Rs 6,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 6,600 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 879%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Gopal Doss Salai.

• Gulam Mohamed Street (Gulam Mohideen Street): Rs 5,500 per sq.ft (2024)
• Gulam Murthuza Begum Street: Rs 5,500 per sq.ft (2024)
• Gurpan Alikhan Street: Rs 5,500 per sq.ft (2024)
• Gurusamy Street: Rs 6,600 per sq.ft (2024)
• General Swamy Street: Rs 6,600 per sq.ft (2024)
• General Petters Lane: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Doss Salai

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gopal Doss Salai?

The Sub Registrar Office that covers Gopal Doss Salai is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is assessed to calculate the applicable duties. The buyer must pay stamp duty based on either the guideline value or the sale price, whichever is higher, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Gopal Doss Salai?

The current guideline value of Gopal Doss Salai is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 674 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 879% across the years.

What is the land classification for Gopal Doss Salai?

The land classification for Gopal Doss Salai is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property in Gopal Doss Salai?

The stamp duty rate for property transactions in Gopal Doss Salai is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gopal Doss Salai?

The Sub Registrar Office for Gopal Doss Salai is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.