Guideline Value for GOVINDAN SALAI (Collectrate Colony)

GOVINDAN SALAI (Collectrate Colony) guideline value

The current guideline value of GOVINDAN SALAI (Collectrate Colony) is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of GOVINDAN SALAI (Collectrate Colony) has changed

The guideline value for GOVINDAN SALAI has seen significant changes over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased dramatically to Rs 5,800 per sq.ft in 2012, marking a rise of 287%. This figure remained unchanged until the 2023 revision, where it was again Rs 5,800 per sq.ft. However, in the 2024 revision, the guideline value rose to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 320%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing GOVINDAN SALAI's 2024 figure above this median.

• Govindaraj Street: Rs 4,400 per sq.ft (2024)
• Gopalakrishnan Salai: Rs 5,300 per sq.ft (2024)
• Guhan Street: Rs 4,400 per sq.ft (2024)
• Haribabu Street: Rs 5,800 per sq.ft (2024)
• Giri Street: Rs 6,300 per sq.ft (2024)
• Hasthagiri Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in GOVINDAN SALAI (Collectrate Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers GOVINDAN SALAI (Collectrate Colony)?

The Sub Registrar Office that covers GOVINDAN SALAI (Collectrate Colony) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of GOVINDAN SALAI?

The current guideline value of GOVINDAN SALAI (Collectrate Colony) is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,500 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024. There have been no figures for the years 2002, 2003, and 2017 for this street.

What is the land classification of GOVINDAN SALAI?

GOVINDAN SALAI is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur have varying guideline values. For example, Govindaraj Street is Rs 4,400 per sq.ft, Gopalakrishnan Salai is Rs 5,300 per sq.ft, and Giri Street is Rs 6,300 per sq.ft.

Where can I find the Sub Registrar Office for GOVINDAN SALAI?

The Sub Registrar Office for GOVINDAN SALAI (Collectrate Colony) is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.