Guideline Value for Gopalapuram

Gopalapuram guideline value

The current guideline value of Gopalapuram is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Gopalapuram has changed

The guideline value for Gopalapuram has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which was then increased to Rs 1,100 per sq.ft in 2024, marking a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. The increase from 2007 to 2012 was 400%, while the value dropped by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has risen by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value for Gopalapuram.

• Gengu St: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 3,300 per sq.ft (2024)
• Indira Nagar: Rs 1,100 per sq.ft (2024)
• Gandhipuram: Rs 1,320 per sq.ft (2024)
• Inkarlal Street: Rs 1,100 per sq.ft (2024)
• IOB Colony: Rs 2,200 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopalapuram?

The Sub Registrar Office that covers Gopalapuram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, and the stamp duty and registration fees are calculated based on this value.

When buying or selling property, it is essential to consider the guideline value as it affects the overall costs involved in the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gopalapuram?

The current guideline value of Gopalapuram is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, which is the same as the current value for Gopalapuram.

What are the stamp duty and registration fees for property in Gopalapuram?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Gopalapuram?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Gopalapuram, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.