Guideline Value for Gopal Nagar Ext

Gopal Nagar Ext guideline value

The current guideline value of Gopal Nagar Ext is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vedanareyanapuram village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Gopal Nagar Ext has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 195 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking an increase of 208%. The value then decreased to Rs 402 per sq.ft in 2017, representing a decline of 33%. However, from 2017 to 2023, it rose by 49% back to Rs 600 per sq.ft, where it remained in the 2023 revision and continues into 2024.

The register does not contain figures for the years 2002 and 2003 for this street. The current guideline value of Rs 600 per sq.ft in 2024 is the same as it was in 2023, showing no change between these two revisions.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft, with a median value of Rs 600 per sq.ft. Gopal Nagar Ext's guideline value aligns with this median.

• Gopal Nagar: Rs 600 per sq.ft (2024)
• Barathi Nagar: Rs 900 per sq.ft (2024)
• Balaji Nagar: Rs 600 per sq.ft (2024)
• Amma Nagar: Rs 500 per sq.ft (2024)
• MGR Nagar: Rs 501 per sq.ft (2024)
• Perumal Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopal Nagar Ext?

The Gopal Nagar Ext area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are accurately assessed for tax purposes.

Frequently asked questions

What is the current guideline value of Gopal Nagar Ext?

The current guideline value of Gopal Nagar Ext is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 195 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023 and 2024.

What are the other streets in Vedanareyanapuram with their guideline values?

Other streets in Vedanareyanapuram include Gopal Nagar at Rs 600 per sq.ft, Barathi Nagar at Rs 900 per sq.ft, Balaji Nagar at Rs 600 per sq.ft, Amma Nagar at Rs 500 per sq.ft, MGR Nagar at Rs 501 per sq.ft, and Perumal Nagar at Rs 500 per sq.ft.

What is the stamp duty rate for properties in Gopal Nagar Ext?

The stamp duty rate for properties in Gopal Nagar Ext is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gopal Nagar Ext?

The Sub Registrar Office that covers Gopal Nagar Ext is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.