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Guideline Value

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Guideline Value for GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR)

₹5000/sq.ft.

The guideline value for Govindaraj 4th Cross Street (near Davaraj Nagar) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Govindaraj 4th Cross Street (near Davaraj Nagar)

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GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) guideline value

The current guideline value of GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) has changed

The guideline value for GOVINDARAJ 4th CROSS STREET has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 3,015 per sq.ft. This increased to Rs 4,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 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 2,200 per sq.ft, placing GOVINDARAJ 4th CROSS STREET's 2024 figure above this median.

Stamp duty and registration fee for property in GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR)

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making a total of Rs 4,50,000. It is essential to note that 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 GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR)?

The Sub Registrar Office that covers GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) 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 Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the seller must declare the sale price, and the registration office will charge duty based on the higher amount between the guideline value and the sale price. This ensures transparency and compliance with property regulations.

Frequently asked questions

What is the current guideline value of GOVINDARAJ 4th CROSS STREET?

The current guideline value of GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 3,015 per sq.ft to Rs 5,000 per sq.ft in 2024, reflecting a total increase of 66% over the years.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with GOVINDARAJ 4th CROSS STREET's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where can I find the Sub Registrar Office for GOVINDARAJ 4th CROSS STREET?

The Neelankarai Sub Registrar Office, which covers GOVINDARAJ 4th CROSS STREET, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.