Guideline Value for RPG Gopika Garden

RPG Gopika Garden guideline value

The current guideline value for RPG Gopika Garden is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Maakaanyam village under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of RPG Gopika Garden has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft, marking a 33% drop. The value then increased by 50% in the 2023 revision to Rs 150 per sq.ft, and this figure has remained constant through to the 2024 revision, showing no change.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has seen a fluctuation from Rs 150 in 2012 to Rs 100 in 2017, and then back to Rs 150 in 2023 and 2024, resulting in an overall change of 0% from 2012 to 2024.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. RPG Gopika Garden's guideline value of Rs 150 per sq.ft is below this median.

• Sanjeevai Garden: Rs 500 per sq.ft (2024)
• Saran Nagar: Rs 110 per sq.ft (2024)
• Shanthi Avenue: Rs 300 per sq.ft (2024)
• Sky home city: Rs 350 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri city: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in RPG Gopika Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RPG Gopika Garden?

The RPG Gopika Garden is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Maakaanyam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for RPG Gopika Garden?

The current guideline value for RPG Gopika Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated, starting at Rs 150 per sq.ft in 2012, decreasing to Rs 100 per sq.ft in 2017, and returning to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for RPG Gopika Garden?

The land classification for RPG Gopika Garden is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in RPG Gopika Garden?

The stamp duty for property transactions in RPG Gopika Garden is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for RPG Gopika Garden?

The Sub Registrar Office for RPG Gopika Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.