Guideline Value for GOVARTHANAGIRI GOVINDASAMY STREET

Govarthanagiri Govindasamy Street guideline value

The current guideline value of Govarthanagiri Govindasamy Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Govarthanagiri Govindasamy Street has changed

The guideline value for Govarthanagiri Govindasamy Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then changed to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 87%. The most recent revision in 2024 has set the value at Rs 1,625 per sq.ft, representing an increase of 8% from the previous year.

There are no recorded guideline values for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the current value of Govarthanagiri Govindasamy Street.

• Govarthanagiri Bharathi St: Rs 1,625 per sq.ft (2024)
• Govarthnagiri Pillaiyar Koil St: Rs 1,625 per sq.ft (2024)
• Gothari Garden: Rs 1,625 per sq.ft (2024)
• Gothaari Garden: Rs 1,625 per sq.ft (2024)
• Gowripettai 1st St: Rs 1,625 per sq.ft (2024)
• Gowripettai 2nd Cross St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Govarthanagiri Govindasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govarthanagiri Govindasamy Street?

The Sub Registrar Office that covers Govarthanagiri Govindasamy Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the state collects the necessary revenue from property transactions. Buyers and sellers should be aware of these values to understand the financial implications of their real estate dealings.

Frequently asked questions

What is the current guideline value of Govarthanagiri Govindasamy Street?

The current guideline value of Govarthanagiri Govindasamy Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for this street?

Govarthanagiri Govindasamy Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Govarthanagiri Govindasamy Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 16,25,000 incurs a stamp duty of Rs 1,13,750.