Guideline Value for Dr.Govindhan Street

Dr.Govindhan Street guideline value

The current guideline value of Dr.Govindhan Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr.Govindhan Street has changed

The guideline value for Dr.Govindhan Street has seen several revisions over the years. In 2007, the value was Rs 1,145 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, it then decreased to Rs 4,020 per sq.ft in 2017, representing a decline of 33%. By 2023, the value had risen again to Rs 6,000 per sq.ft, and the latest revision in 2024 set the value at Rs 6,600 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 476%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Dr.Govindhan Street.

• Dr.Besant Road: Rs 13,200 per sq.ft (2024)
• Dr.Niyamathullah Saheb Street: Rs 6,600 per sq.ft (2024)
• Dowlath Khan Bahadur Street: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Ellis 1st Lane: Rs 6,600 per sq.ft (2024)
• Ellis 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Govindhan Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 Dr.Govindhan Street?

The Sub Registrar Office that covers Dr.Govindhan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property in this area, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Dr.Govindhan Street?

The current guideline value of Dr.Govindhan Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,145 per sq.ft to Rs 6,600 per sq.ft in 2024, marking an overall increase of 476%.

What was the guideline value in 2017?

In 2017, the guideline value for Dr.Govindhan Street was Rs 4,020 per sq.ft.

Which office handles registrations for Dr.Govindhan Street?

The Triplicane Sub Registrar Office handles registrations for Dr.Govindhan Street, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How is stamp duty calculated for properties on Dr.Govindhan Street?

Stamp duty for properties on Dr.Govindhan Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.