Guideline Value for Gopal Pillai Nagar

Gopal Pillai Nagar guideline value

The current guideline value of Gopal Pillai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Gopal Pillai Nagar has changed

The guideline value for Gopal Pillai Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 267%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Gopal Pillai Nagar's 2024 figure below this median.

• Govindaraj Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Green Gardens- 1st Avenue: Rs 14,800 per sq.ft (2024)
• Gnanammal Garden: Rs 4,400 per sq.ft (2024)
• G.K.M. Colony, Chennai 82 & Streets: Rs 2,700 per sq.ft (2024)
• Guruvappa MaistryStreet: Rs 4,900 per sq.ft (2024)
• Gel. Coacher Street, Chennai 82: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Pillai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gopal Pillai Nagar?

The Sub Registrar Office that covers Gopal Pillai Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a reference point used during the registration of property transactions in Ayanavaram. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gopal Pillai Nagar?

The current guideline value of Gopal Pillai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with Gopal Pillai Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations in Gopal Pillai Nagar?

The AnnaNagar Sub Registrar Office handles property registrations for Gopal Pillai Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.