Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for GOVINDAN NAGAR 4TH STREET

₹4400/sq.ft.

The guideline value for Govindan Nagar 4th Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2042 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Govindan Nagar 4th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Govindan Nagar 4th Street guideline value

The current guideline value for Govindan Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Govindan Nagar 4th Street has changed

The guideline value for Govindan Nagar 4th Street has seen several revisions over the years. In 2007, the value was Rs 2,042 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 96%. However, the value decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The next revision in 2023 brought the value up to Rs 4,000 per sq.ft, and the latest revision in 2024 set it at Rs 4,400 per sq.ft, showing an increase of 10% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 115%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the 2024 figure for Govindan Nagar 4th Street above this median.

Stamp duty and registration fee for property in Govindan Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Govindan Nagar 4th Street?

The Sub Registrar Office that covers Govindan Nagar 4th Street 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 Palavakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded in accordance with the prevailing market standards.

When you proceed with a property transaction, the guideline value will be used to calculate the stamp duty and registration fees, which are essential components of the overall cost of the transaction. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Govindan Nagar 4th Street?

The current guideline value of Govindan Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,042 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 115% over the years.

What are the other streets in Palavakkam with the same guideline value?

Other streets in Palavakkam with the same guideline value of Rs 4,400 per sq.ft include Govindan Nagar 1st Street, Govindan Nagar 2nd Street, Govindan Nagar 3rd Street, Govindan Nagar 5th Street, Govindan Nagar 6th Street, and Govindan Nagar 7th Street.

What is the registration fee for property in Govindan Nagar 4th Street?

The registration fee for property in Govindan Nagar 4th Street is calculated at 2% of the guideline value. For a plot valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where is the Neelankarai Sub Registrar Office located?

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