Guideline Value for Gopalapuram Bajanai Koil 1st Street

Gopalapuram Bajanai Koil 1st Street guideline value

The current guideline value of Gopalapuram Bajanai Koil 1st Street is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Gopalapuram Bajanai Koil 1st Street has changed

The guideline value for Gopalapuram Bajanai Koil 1st Street has seen several revisions over the years. In 2002, the value was Rs 340 per sq.ft, which increased to Rs 370 per sq.ft in 2003. By 2007, the value rose significantly to Rs 700 per sq.ft, and in 2012, it reached Rs 3,000 per sq.ft. However, there was a drop to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it stands at Rs 3,301 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 saw a decrease of 33%, while there was a significant increase of 329% from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 871%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft, which is equal to the 2024 figure for Gopalapuram Bajanai Koil 1st Street.

• Gopalapuram Bajanai Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Gopalapuram Bajanai Koil 3rd Street: Rs 3,301 per sq.ft (2024)
• Gopalapuram 3rd Street: Rs 3,301 per sq.ft (2024)
• Gopalapuram 2nd Street: Rs 3,301 per sq.ft (2024)
• Gopalapuram 1st Street: Rs 3,301 per sq.ft (2024)
• Govindasamy Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalapuram Bajanai Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value amounts to Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total cost to Rs 2,97,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gopalapuram Bajanai Koil 1st Street?

The Gopalapuram Bajanai Koil 1st Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Peravallur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. It helps in establishing a baseline for the sale price, ensuring that the transaction is registered at a value that reflects the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Gopalapuram Bajanai Koil 1st Street?

The current guideline value of Gopalapuram Bajanai Koil 1st Street is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 340 per sq.ft in 2002 to Rs 3,301 per sq.ft in 2024, reflecting an overall increase of 871% over this period.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, which is the same as the current value for Gopalapuram Bajanai Koil 1st Street.

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

For a property valued at Rs 33,01,000, the stamp duty would be Rs 2,31,070 and the registration fee would be Rs 66,020, totaling Rs 2,97,090.

Which office handles the registration for Gopalapuram Bajanai Koil 1st Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Gopalapuram Bajanai Koil 1st Street.