Guideline Value for GOVINDAPURAM STREET

Govindapuram Street guideline value

The current guideline value of Govindapuram Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Govindapuram Street has changed

The guideline value for Govindapuram Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose significantly to Rs 2,000 per sq.ft in 2023, and is currently set at Rs 2,200 per sq.ft for 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Govindapuram Street's 2024 figure below that median.

• Govindapuram Hut: Rs 1,600 per sq.ft (2024)
• Govindan Street: Rs 3,800 per sq.ft (2024)
• Govindasami Naicken Street: Rs 3,200 per sq.ft (2024)
• Goutham Street: Rs 2,700 per sq.ft (2024)
• Gopal Naicken Street: Rs 3,800 per sq.ft (2024)
• Golden Complex (Mkb Nagar): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Govindapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Govindapuram Street?

The Sub Registrar Office that covers Govindapuram Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Govindapuram Street?

The current guideline value of Govindapuram Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 340% over the years.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft for the year 2024.

What are the stamp duty and registration fees for properties in Govindapuram Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Govindapuram Street?

The Purasaivakkam Sub Registrar Office handles the registration for Govindapuram Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.