Guideline Value for Gopalakrishnan Street

Gopalakrishnan Street guideline value

The current guideline value of Gopalakrishnan Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Gopalakrishnan Street has changed

The guideline value for Gopalakrishnan Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft, which increased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft. The latest revision in 2024 has set the value at Rs 1,001 per sq.ft, showing no change from the previous year.

There are no figures available for Gopalakrishnan Street in the revisions from 2002, 2003, and 2007. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 25% in the guideline value.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Gopalakrishnan Street is below this median.

• Govindharajan Street: Rs 1,700 per sq.ft (2024)
• Gnana moorthy Nagar Main Road: Rs 1,700 per sq.ft (2024)
• Gnana moorthy Nagar Colony: Rs 1,700 per sq.ft (2024)
• Gnanamoorthy nagar: Rs 1,700 per sq.ft (2024)
• Guru Nel Street: Rs 1,001 per sq.ft (2024)
• Gurusamy Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalakrishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. 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 Gopalakrishnan Street?

The Sub Registrar Office that covers Gopalakrishnan 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 Menambedu

The guideline value plays a crucial role during the registration of property transactions in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, buyers and sellers must consider the guideline value, as it serves as a benchmark for the transaction. This ensures that the appropriate taxes are calculated based on the established rates.

Frequently asked questions

What is the current guideline value of Gopalakrishnan Street?

The current guideline value of Gopalakrishnan Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with various revisions in between, including Rs 536 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2023.

What is the land classification for Gopalakrishnan Street?

The land classification for Gopalakrishnan Street is Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Gopalakrishnan Street?

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

How is stamp duty calculated for properties in Gopalakrishnan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.