Guideline Value for Gopal Street / Anna Salai

Gopal Street / Anna Salai guideline value

The current guideline value for Gopal Street / Anna Salai in Pammal village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Gopal Street / Anna Salai has changed

The guideline value for Gopal Street / Anna Salai has seen significant increases over the years. In 2002, the guideline value was Rs 201 per sq.ft, which rose to Rs 228 per sq.ft in 2003, marking a 13% increase. By 2007, it further increased to Rs 360 per sq.ft, a rise of 58%. The value continued to grow, reaching Rs 1,206 per sq.ft in 2017, representing a substantial 235% increase from the previous revision. However, there is no figure available for this street in the 2012 revision.

From 2017 to 2023, the guideline value increased to Rs 1,800 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 885%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, placing Gopal Street / Anna Salai's 2024 figure below that median.

• Gopal Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Gopal Street, Pammal: Rs 1,980 per sq.ft (2024)
• Gouthaman Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Gokulay Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Gokulam Colony, Pammal: Rs 2,750 per sq.ft (2024)
• Gokulam Colony (2nd Street): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Street / Anna Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopal Street / Anna Salai?

The Gopal Street / Anna Salai area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is essential for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Gopal Street / Anna Salai?

The current guideline value of Gopal Street / Anna Salai is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 885% over the years.

What is the land classification for Gopal Street / Anna Salai?

Gopal Street / Anna Salai is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gopal Street / Anna Salai?

The Sub Registrar Office for Gopal Street / Anna Salai is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 1,78,200.