Guideline Value for GOUTHAM STREET

Goutham Street guideline value

The current guideline value of Goutham Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and falls under the Residential Class III Type - II land classification.

How the guideline value of Goutham Street has changed

The guideline value for Goutham Street has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose by 19% to Rs 550 per sq.ft in 2007. Following this, there was a significant increase of 355%, bringing the value to Rs 2,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 1,675 per sq.ft. The next revision in 2023 saw a substantial increase of 49%, raising the value to Rs 2,500 per sq.ft, which was then followed by an 8% increase to the current value of Rs 2,700 per sq.ft in 2024.

There are no figures available for the years not mentioned in the register for Goutham Street. Overall, from 2002 to 2024, the guideline value has increased by 543%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Goutham Street.

• Govindan Street: Rs 3,800 per sq.ft (2024)
• Govindapuram Hut: Rs 1,600 per sq.ft (2024)
• Govindapuram Street: Rs 2,200 per sq.ft (2024)
• Gopal Naicken Street: Rs 3,800 per sq.ft (2024)
• Govindasami Naicken Street: Rs 3,200 per sq.ft (2024)
• Golden Complex (Mkb Nagar): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Goutham Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Goutham Street?

The Sub Registrar Office that covers Goutham Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These charges are based on the higher of the guideline value or the actual sale price of the property, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Goutham Street?

The current guideline value of Goutham Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value of Goutham Street changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting various revisions over the years.

What is the land classification for Goutham Street?

Goutham Street is classified under Residential Class III Type - II.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Goutham Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000.