Guideline Value for P.M.GOPAL STREET

P.M.Gopal Street guideline value

The current guideline value of P.M.Gopal Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of P.M.Gopal Street has changed

The guideline value for P.M.Gopal Street has seen revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision, where it also stood at Rs 3,000 per sq.ft. However, the 2024 revision marked an increase to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which is the same as the current value for P.M.Gopal Street.

• Ponniyamman Koil Street: Rs 2,160 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettai odai street): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Bramin St): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in P.M.Gopal Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.M.Gopal Street?

The Sub Registrar Office that covers P.M.Gopal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Zaminpallavaram. It determines the minimum value on which the stamp duty and registration fees are calculated, ensuring that all property transactions are conducted fairly and transparently.

When buying or selling property, the guideline value acts as a benchmark for the sale price. If the sale price is lower than the guideline value, the duty is calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of P.M.Gopal Street?

The current guideline value of P.M.Gopal Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,000 per sq.ft from 2012 to 2023 and increased to Rs 3,300 per sq.ft in 2024, marking a 10% rise. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

What are the guideline values for other streets in Zaminpallavaram?

In Zaminpallavaram, the guideline values for other streets range from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Other streets include Ponniyamman Koil Street at Rs 2,160 per sq.ft and several Pillaiyar Koil Streets at Rs 4,400 per sq.ft.

What fees are associated with buying property on P.M.Gopal Street?

When purchasing property on P.M.Gopal Street, buyers need to pay stamp duty at 7% and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,97,000 based on the guideline value.

Where can I find the Sub Registrar Office for P.M.Gopal Street?

The Sub Registrar Office for P.M.Gopal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.