Guideline Value for GODWIN DASAN STREET

Godwin Dasan Street guideline value

The current guideline value of Godwin Dasan Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Godwin Dasan Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,160 per sq.ft, representing a rise of 61%. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 8%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for Godwin Dasan Street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Godwin Dasan Street's 2024 figure below the median.

• Godhandan Nagar Section: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Godwin Dasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fee would be Rs 1,94,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Godwin Dasan Street?

The Sub Registrar Office that covers Godwin Dasan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Godwin Dasan Street?

The current guideline value of Godwin Dasan Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision of Rs 2,000 per sq.ft, the value decreased to Rs 1,340 per sq.ft in 2017. However, it increased to Rs 2,160 per sq.ft in 2024, resulting in an overall increase of 8% from 2012 to 2024.

What are the other streets in Zaminpallavaram?

Other streets in Zaminpallavaram include Godhandan Nagar Section, Godhandan Nagar 4th Street, Godhandan Nagar 3rd Street, Godhandan Nagar 2nd Street, Godhandan Nagar 1st Street, and Godhandan Nagar, all having a guideline value of Rs 3,520 per sq.ft in 2024.

What is the registration fee for property in Godwin Dasan Street?

The registration fee for property transactions in Godwin Dasan Street is calculated at 2% of the guideline value or sale price. For a property valued at Rs 21,60,000, the registration fee would be Rs 43,200.

Which office handles registrations for Godwin Dasan Street?

The Pallavaram Sub Registrar Office handles registrations for Godwin Dasan Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.