Guideline Value for Gopal Street

Gopal Street guideline value

The current guideline value of Gopal Street is Rs 1,650 per sq.ft. This street is located in Periyapanancheri village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Gopal Street has changed

The guideline value for Gopal Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,005 per sq.ft. In 2023, this figure increased to Rs 1,500 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft, marking a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for Gopal Street.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Gopal Street's 2024 figure above this median.

• Govindaraj Street: Rs 990 per sq.ft (2024)
• Govinthammal Street: Rs 990 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• G.T.Krishnan Avenue Annexe: Rs 1,650 per sq.ft (2024)
• Gandhi Street: Rs 2,200 per sq.ft (2024)
• Gajendiran Street: Rs 1,320 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, resulting in a total cost of Rs 1,48,500. 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?

The Sub Registrar Office that covers Gopal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is essential during property registration in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records, reflecting the value of the property as determined by the government.

Frequently asked questions

What is the current guideline value of Gopal Street?

The current guideline value of Gopal Street is Rs 1,650 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for properties on Gopal Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Gopal Street?

The Pammal Sub Registrar Office covers Gopal Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Gopal Street?

Gopal Street is classified as Residential Class I Type - I under the guideline value register.