Guideline Value for Gopalapuram Bajanai Koil 3rd Street

Gopalapuram Bajanai Koil 3rd Street guideline value

The current guideline value of Gopalapuram Bajanai Koil 3rd 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 3rd Street has changed

Over the years, the guideline value for Gopalapuram Bajanai Koil 3rd Street has seen significant changes. In 2007, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012. However, this figure decreased to Rs 2,010 per sq.ft in 2017. The value then rose again to Rs 3,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,301 per sq.ft. The changes between these revisions include a +329% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Peravallur

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

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

For a 1,000 sq.ft plot at the current rate of Rs 3,301 per sq.ft, the 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, making the total Rs 2,97,090. 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 Gopalapuram Bajanai Koil 3rd Street?

The Gopalapuram Bajanai Koil 3rd Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

When buying or selling property in Peravallur, the guideline value is used as a benchmark for registration purposes. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the property is valued fairly according to the local market standards.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. Therefore, it is crucial to consider the guideline value when planning any property transactions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gopalapuram Bajanai Koil 3rd Street?

The current guideline value of Gopalapuram Bajanai Koil 3rd 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 from Rs 700 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, showing an overall increase of 372% over this period.

What is the stamp duty for property in Gopalapuram Bajanai Koil 3rd Street?

The stamp duty for property in Gopalapuram Bajanai Koil 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What should I know about the guideline value when buying property?

It is important to understand that the guideline value is used to calculate stamp duty and registration fees during property transactions. Buyers should ensure they are aware of the current guideline value to avoid any unexpected costs during registration.