Guideline Value for Gopal Street,Annai Indira Nagar

Gopal Street,Annai Indira Nagar guideline value

The current guideline value of Gopal Street, Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Gopal Street,Annai Indira Nagar has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Gopal Street, Annai Indira Nagar.

• Gopalapillai Street: Rs 4,950 per sq.ft (2024)
• Gopalakrishnan Street: Rs 4,400 per sq.ft (2024)
• Gomathy Nagar (facing Newly formed Inner Ring Road): Rs 5,500 per sq.ft (2024)
• Gomathi Nagar: Rs 3,850 per sq.ft (2024)
• Golden Avenue Main Road: Rs 3,850 per sq.ft (2024)
• Golden Avenue Extn Bhavani Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Street,Annai Indira Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopal Street,Annai Indira Nagar?

The Sub Registrar Office covering Gopal Street, Annai Indira Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gopal Street, Annai Indira Nagar?

The current guideline value of Gopal Street, Annai Indira 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 seen significant increases, from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

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

Which office handles property registrations for Gopal Street, Annai Indira Nagar?

The Velacheri Sub Registrar Office handles property registrations for Gopal Street, Annai Indira Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Gopal Street, Annai Indira Nagar?

Gopal Street, Annai Indira Nagar is classified as Residential Class II Type - II, indicating its suitability for residential purposes.