Guideline Value for Gopinathan 3rd Cross Street

Gopinathan 3rd Cross Street guideline value

The current guideline value of Gopinathan 3rd 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 3rd Cross Street has changed

The guideline value for Gopinathan 3rd Cross Street has undergone several revisions over the years. In 2002, the value was Rs 168 per sq.ft. This increased to Rs 221 per sq.ft in 2003, marking a change of +32%. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, which represented a +352% increase from the previous revision. By 2012, the guideline value was Rs 3,500 per sq.ft, reflecting a -33% change from 2007. In 2017, it rose to Rs 2,345 per sq.ft, showing a +49% increase from 2012. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, and from there it increased to Rs 3,900 per sq.ft in 2024, a change of +11%.

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 that carry a 2024 guideline value 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, and Gopinathan 3rd Cross Street's current value is above this median.

• Gopinathan 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 1st 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 3rd 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 would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gopinathan 3rd Cross Street?

The Gopinathan 3rd Cross Street falls under 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 information.

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

The guideline value is an essential factor during the registration of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a property transaction, buyers and sellers must consider the guideline value, as it affects the financial obligations involved in the registration process. The higher of the guideline value and the sale price will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Gopinathan 3rd Cross Street?

The current guideline value of Gopinathan 3rd 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 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 registration office for Gopinathan 3rd Cross Street?

The registration office for Gopinathan 3rd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for property in Gopinathan 3rd Cross Street?

For a 1,000 sq.ft plot valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The duty is charged based on the higher of the guideline value or the sale price.