Guideline Value for GOVIND RAM GARDEN

Govind Ram Garden guideline value

The current guideline value of Govind Ram Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Govind Ram Garden has changed

The guideline value for Govind Ram Garden has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value in this area is Rs 1,700 per sq.ft, placing Govind Ram Garden's 2024 figure below that median.

• Gowri Chandran Garden: Rs 1,100 per sq.ft (2024)
• Grp Avenue: Rs 1,100 per sq.ft (2024)
• Guna Seelan Garden: Rs 1,100 per sq.ft (2024)
• Hasaaranbi/Hasan Moulana Garden: Rs 1,100 per sq.ft (2024)
• Gnanasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Imrankhan Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Govind Ram Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Govind Ram Garden?

The Sub Registrar Office that covers Govind Ram Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uthandi. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to understand the financial implications of a transaction, including the associated fees.

Frequently asked questions

What is the current guideline value for Govind Ram Garden?

The current guideline value for Govind Ram Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Govind Ram Garden?

Govind Ram Garden is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.