Guideline Value for GOVINDAPURAM (VILLA) (CHEN)

Govindapuram (Villa) (Chen) guideline value

The current guideline value of Govindapuram (Villa) (Chen) is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO, with a land classification of Mixed Type - III.

How the guideline value of Govindapuram (Villa) (Chen) has changed

The guideline value for Govindapuram (Villa) (Chen) has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This value decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Govindapuram (Villa) (Chen) above this median.

• Govindhapuram (Chen): Rs 1,100 per sq.ft (2024)
• Gowtham Kiran Avenue: Rs 880 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Gst Road (Chen): Rs 2,200 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Govindapuram (Villa) (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Govindapuram (Villa) (Chen)?

The Sub Registrar Office that covers Govindapuram (Villa) (Chen) 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 details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sengundram - 1, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding how the guideline value is set and revised can help parties make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Govindapuram (Villa) (Chen)?

The current guideline value of Govindapuram (Villa) (Chen) is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 1,400 per sq.ft, dropping to Rs 938 per sq.ft in 2017, and then rising to Rs 1,400 per sq.ft in 2023 before reaching Rs 1,540 per sq.ft in 2024.

What is the land classification of Govindapuram (Villa) (Chen)?

The land classification for Govindapuram (Villa) (Chen) is Mixed Type - III, indicating a diverse use of land in the area.

Which Sub Registrar Office should I visit for property registration in Govindapuram (Villa) (Chen)?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations in Govindapuram (Villa) (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Govindapuram (Villa) (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,07,800.