Guideline Value for GOVINDA NAGAR

Govinda Nagar guideline value

The current guideline value of Govinda Nagar, located in Pulipakkam village under the Chengleput Joint II SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Govinda Nagar has changed

The guideline value for Govinda Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value was previously Rs 402 per sq.ft, marking a significant increase of 49% to reach Rs 600 per sq.ft by 2023. The 2024 revision again maintained the value at Rs 600 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007, as the register has no figure for this street in it. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 600 per sq.ft.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,000 per sq.ft, with the median value being Rs 600 per sq.ft. Govinda Nagar's 2024 figure aligns with this median.

• Highway Town: Rs 1,000 per sq.ft (2024)
• Badma Avenue: Rs 600 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Govinda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to 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 Govinda Nagar?

The Sub Registrar Office that covers Govinda Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties and fees. This ensures that both parties are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Govinda Nagar?

The current guideline value of Govinda Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value of Govinda Nagar changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification of Govinda Nagar?

Govinda Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Govinda Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 42,000.