Guideline Value for RAJA GOPAL STREET

Raja Gopal Street guideline value

The current guideline value of Raja Gopal Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Raja Gopal Street has changed

Raja Gopal Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2002, where the value was Rs 594 per sq.ft. This increased to Rs 653 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 1,050 per sq.ft in 2007, showing a significant jump of 61%. By 2012, the guideline value reached Rs 4,300 per sq.ft, reflecting a remarkable increase of 310%. However, between 2012 and 2017, the value dropped to Rs 2,881 per sq.ft, a decrease of 33%. The 2023 revision saw the value rise to Rs 4,300 per sq.ft, and the latest revision in 2024 set the value at Rs 4,600 per sq.ft, representing a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 674%. There are no figures available for revisions in years other than those mentioned above.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Raja Gopal Street's 2024 figure below that median.

• Railway Station Road: Rs 8,200 per sq.ft (2024)
• Railway Border Street: Rs 8,200 per sq.ft (2024)
• Railway Border Road: Rs 8,800 per sq.ft (2024)
• Raghavan Street: Rs 5,000 per sq.ft (2024)
• Ragavan Colony: Rs 7,100 per sq.ft (2024)
• Rajapuranikar 1st Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Gopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, making the total charges Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raja Gopal Street?

The Sub Registrar Office that covers Raja Gopal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during transactions.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Raja Gopal Street?

The current guideline value of Raja Gopal Street is Rs 4,600 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 594 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, showing an overall increase of 674% over the years.

What is the registration office for Raja Gopal Street?

The registration office for Raja Gopal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Raja Gopal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,22,000.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, ranging from Rs 3,300 to Rs 14,300 per sq.ft. Some examples include Railway Station Road and Railway Border Street, both valued at Rs 8,200 per sq.ft in 2024.