Guideline Value for Gopolsamy Nagar

Gopolsamy Nagar guideline value

The current guideline value of Gopolsamy Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Gopolsamy Nagar has changed

The guideline value for Gopolsamy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,600 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, it rose by 9%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value among these streets is Rs 3,600 per sq.ft, which is equal to the guideline value of Gopolsamy Nagar.

• Govindharaj Street: Rs 4,000 per sq.ft (2024)
• Govindharajulu naidu garden Street: Rs 4,000 per sq.ft (2024)
• G.N.G Street: Rs 4,600 per sq.ft (2024)
• G.N.G.Cross 3rd Street: Rs 4,600 per sq.ft (2024)
• G.N.G.Cross 2nd Street: Rs 4,600 per sq.ft (2024)
• G.N.G.Cross 1st Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Gopolsamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000. Together, this amounts to Rs 3,24,000. 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 Gopolsamy Nagar?

The Gopolsamy Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Ambattur. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. The guideline value ensures that the property is registered at a fair rate as per government regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is taken into account for calculating the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Gopolsamy Nagar?

The current guideline value of Gopolsamy Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 3,24,000.

Which Sub Registrar Office covers Gopolsamy Nagar?

The Ambattur Sub Registrar Office covers Gopolsamy Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Gopolsamy Nagar?

The land classification for Gopolsamy Nagar is Residential Class I Type - I, indicating its suitability for residential development.