Guideline Value for Gopal Street (S.V.Nagar)

Gopal Street (S.V.Nagar) guideline value

The current guideline value of Gopal Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gopal Street (S.V.Nagar) has changed

The guideline value of Gopal Street (S.V.Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

There are no figures available for Gopal Street (S.V.Nagar) in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Gopal Street (S.V.Nagar) has a guideline value that is below this median.

• Gopal (swamy) Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Govindan Main Road (Palaniappa Nagar): Rs 2,200 per sq.ft (2024)
• Govindan Street (1st Ward): Rs 1,400 per sq.ft (2024)
• Govindan Street (Banu Nagar): Rs 2,200 per sq.ft (2024)
• Govindan Street (Ganapathi Nagar): Rs 1,400 per sq.ft (2024)
• Govindarajulu Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Gopal Street (S.V.Nagar)?

The Sub Registrar Office that covers Gopal Street (S.V.Nagar) is the Ambattur Sub Registrar Office. The address is 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 Oragadam

The guideline value is a critical factor when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value acts as a benchmark for calculating the necessary fees. This helps in maintaining transparency in property transactions and ensures that both parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Gopal Street (S.V.Nagar)?

The current guideline value of Gopal Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What is the land classification for Gopal Street (S.V.Nagar)?

The land classification for Gopal Street (S.V.Nagar) is Residential Class II Type - I.

Where can I find the registration office for Gopal Street (S.V.Nagar)?

The registration office for Gopal Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Gopal Street (S.V.Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.