Guideline Value for Gopal Street, Pammal

Gopal Street, Pammal guideline value

The current guideline value of Gopal Street, Pammal is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Gopal Street, Pammal has changed

The guideline value for Gopal Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 reflects a significant increase of 64%.

It is important to note that there are no recorded figures for Gopal Street in the revisions of 2002, 2003, 2007, and 2012. This lack of data means that the changes in guideline value prior to 2017 are not available for reference.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Gopal Street's 2024 value below this median.

• Gopal Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Gopal Street / Anna Salai: 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, Pammal

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to 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. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopal Street, Pammal?

The Sub Registrar Office that covers Gopal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the 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 in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process. This ensures that both buyers and sellers are aware of the financial implications associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Gopal Street, Pammal?

The current guideline value of Gopal Street, Pammal 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 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

Are there any revisions without figures for Gopal Street?

Yes, the revisions for the years 2002, 2003, 2007, and 2012 have no recorded figures for Gopal Street.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, which is higher than the current value of Gopal Street.

Where can I find the Sub Registrar Office for Gopal Street, Pammal?

The Sub Registrar Office for Gopal Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by using the SRO locator.