Guideline Value for THIRU.GOPAL NAGAR

Thiru.Gopal Nagar guideline value

The current guideline value of Thiru.Gopal Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. The land classification for this area is Residential Special Type - II.

How the guideline value of Thiru.Gopal Nagar has changed

The guideline value of Thiru.Gopal Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft. The 2023 and 2024 revisions show no change, maintaining the value at Rs 700 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, showing an overall change of 0%.

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 value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value for Thiru.Gopal Nagar.

• Thiru. Gopal Nagar Phase II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. 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 Thiru.Gopal Nagar?

The Sub Registrar Office that covers Thiru.Gopal Nagar 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 buying or selling property in Kayirambedu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When a property is registered, the guideline value serves as a benchmark for the transaction. The fees are calculated based on this value or the sale price, whichever is higher, ensuring that both parties are adequately informed of their financial obligations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions showing no change from 2023 to 2024, maintaining the value at Rs 700 per sq.ft. The value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Thiru.Gopal Nagar?

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

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thiru.Gopal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.