Guideline Value for Gopal Street

Gopal Street guideline value

The current guideline value of Gopal Street, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Gopal Street has changed

Over the years, the guideline value of Gopal Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly by 58%, reaching the current rate of Rs 1,900 per sq.ft.

It is important to note that there are no figures available for Gopal Street in the revisions for the years 2002, 2003, 2007, and 2023. Overall, comparing the 2012 revision to the 2024 revision, there has been a slight increase of 6% in the guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Gopal Street's 2024 guideline value of Rs 1,900 per sq.ft is below this median.

• Golden Avenue: Rs 2,400 per sq.ft (2024)
• Gokul Nagar: Rs 990 per sq.ft (2024)
• Gnanavoli Puram: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 3rd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. 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 Street?

The Sub Registrar Office that covers Gopal Street is the Ambattur Sub Registrar Office, located at 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 Thirumullaivoyal

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the registration fees reflect the value of the property accurately.

Frequently asked questions

What is the current guideline value of Gopal Street?

The current guideline value of Gopal Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024.

Are there any revisions without figures for Gopal Street?

Yes, the revisions for the years 2002, 2003, 2007, and 2023 do not have figures available for Gopal Street.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Gopal Street's value being below this median.

Where is the Sub Registrar Office for Gopal Street located?

The Sub Registrar Office for Gopal Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.