Guideline Value for Gopinathan 4th Cross Street

Gopinathan 4th Cross Street guideline value

The current guideline value of Gopinathan 4th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Gopinathan 4th Cross Street has changed

The guideline value for Gopinathan 4th Cross Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 168 per sq.ft. This increased to Rs 221 per sq.ft in 2003, marking a rise of 32%. The value saw a significant increase in the 2007 revision, reaching Rs 1,000 per sq.ft, which represented a 352% jump. However, in the 2012 revision, the value decreased to Rs 3,500 per sq.ft, a decline of 33%. The 2017 revision recorded a further increase to Rs 2,345 per sq.ft, reflecting a growth of 49%. The most recent 2023 revision set the value at Rs 3,500 per sq.ft, before rising to Rs 3,900 per sq.ft in the 2024 revision, which is an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2221%. There are no figures available for the years not specifically mentioned in the register for Gopinathan 4th Cross 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, with a median value of Rs 2,800 per sq.ft. The guideline value of Gopinathan 4th Cross Street is above this median.

• Gopinathan 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan Cross Street: Rs 3,900 per sq.ft (2024)
• Gopinathan 1st 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 4th 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 to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gopinathan 4th Cross Street?

The Gopinathan 4th 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, in the Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Ullagaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The buyer must pay these fees based on the higher value between the guideline value and the actual sale price of the property.

This ensures that the transaction is recorded accurately and legally, reflecting the property's value as assessed by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gopinathan 4th Cross Street?

The current guideline value of Gopinathan 4th 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, from Rs 168 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 2221%.

What is the land classification for Gopinathan 4th Cross Street?

Gopinathan 4th Cross Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a property 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.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.