Guideline Value for Gopalapuram

Gopalapuram guideline value

The current guideline value of Gopalapuram, located in Sekkadu village under the Avadi SRO, is Rs 2,050 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Gopalapuram has changed

Looking at the historical revisions, the guideline value for Gopalapuram was Rs 2,050 per sq.ft in 2012. This value remained unchanged until the next revision in 2017, where it decreased to Rs 1,373 per sq.ft. The following revision in 2023 saw the value return to Rs 2,050 per sq.ft, and this value has remained the same in the 2024 revision as well, showing no change from the previous year.

From the 2012 revision to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the current 2024 revision, there has been no change in the guideline value.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Gopalapuram is above this median.

• Iyyappa Nagar: Rs 1,320 per sq.ft (2024)
• Iyyappa Nagar Extension: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,075 per sq.ft (2024)
• Duraikannu Nagar: Rs 1,075 per sq.ft (2024)
• D.R.P. Nagar: Rs 2,250 per sq.ft (2024)
• Driver's Colony: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,050 per sq.ft, the total guideline value would be Rs 20,50,000. The stamp duty at 7% would amount to Rs 1,43,500, while the registration fee at 2% would be Rs 41,000, bringing the total cost to Rs 1,84,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gopalapuram?

The Gopalapuram area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sekkadu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gopalapuram?

The current guideline value of Gopalapuram is Rs 2,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, including a decrease from Rs 2,050 per sq.ft in 2012 to Rs 1,373 per sq.ft in 2017, followed by an increase back to Rs 2,050 per sq.ft in 2023 and remaining the same in 2024.

What is the stamp duty rate for properties in Gopalapuram?

The stamp duty rate for properties in Gopalapuram is 7% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined for properties in Sekkadu?

The guideline value for properties in Sekkadu is determined by the Registration Department's guideline value register, which is updated periodically based on various factors.