Guideline Value for THIRU. GOPAL NAGAR PHASE II

Thiru. Gopal Nagar Phase II guideline value

The current guideline value of Thiru. Gopal Nagar Phase II is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiru. Gopal Nagar Phase II has changed

The guideline value for Thiru. Gopal Nagar Phase II has remained stable at Rs 700 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% over the six-year period from 2017 to 2023.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the guideline value has seen no change from 2023 to 2024, maintaining the rate of Rs 700 per sq.ft throughout this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is the same as the current value for Thiru. Gopal Nagar Phase II.

• Thiru.Gopal Nagar: Rs 700 per sq.ft (2024)
• Thirukumaran Nagar: Rs 500 per sq.ft (2024)
• Thirukural Nagar: Rs 700 per sq.ft (2024)
• Thirukural Nagar Phase I: Rs 700 per sq.ft (2024)
• Thangappan Avenue: Rs 700 per sq.ft (2024)
• Thamizh Selvi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru. Gopal Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Thiru. Gopal Nagar Phase II?

The Sub Registrar Office that covers Thiru. Gopal Nagar Phase II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented according to the official rates set by the government.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official valuation of the property. This value is used to assess the applicable taxes and fees, thereby facilitating a transparent and standardized process for property registration.

Frequently asked questions

What is the current guideline value of Thiru. Gopal Nagar Phase II?

The current guideline value of Thiru. Gopal Nagar Phase II is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision, with a significant increase from Rs 469 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Thiru. Gopal Nagar Phase II?

The Chengleput Joint II Sub Registrar Office handles registrations for Thiru. Gopal Nagar Phase II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Thiru. Gopal Nagar Phase II?

The land classification for Thiru. Gopal Nagar Phase II is Residential Special Type - II, indicating its designated use for residential purposes.