Guideline Value for Gopinathan 1st Cross Street

Gopinathan 1st Cross Street guideline value

The current guideline value of Gopinathan 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO and is classified as Residential Class I Type - III.

How the guideline value of Gopinathan 1st Cross Street has changed

The guideline value for Gopinathan 1st Cross Street has seen significant changes over the years. In 2002, the value was Rs 168 per sq.ft, which increased to Rs 221 per sq.ft in 2003, marking a 32% rise. The value then saw a substantial increase of 352% to reach Rs 1,000 per sq.ft in 2007. Following this, the value surged by 250% to Rs 3,500 per sq.ft in 2012, before dropping by 33% to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, which was then revised to the current Rs 3,900 per sq.ft in 2024, reflecting an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2221%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Gopinathan 1st Cross Street's current value above this median.

• Gopinathan 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan Street Main: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Gopinathan 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gopinathan 1st Cross Street?

The Gopinathan 1st Cross Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gopinathan 1st Cross Street?

The current guideline value of Gopinathan 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 168 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 2221% over the years.

What is the median guideline value in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, which is lower than the current value of Gopinathan 1st Cross Street.

What fees are associated with buying property in Gopinathan 1st Cross Street?

When buying property, the stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 3,51,000.

Which office handles registrations for Gopinathan 1st Cross Street?

The Alandur Sub Registrar Office handles registrations for Gopinathan 1st Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.