Guideline Value for GOVINDARAJ GARDEN

Govindaraj Garden guideline value

The current guideline value of Govindaraj Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Govindaraj Garden has changed

Over the years, the guideline value of Govindaraj Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Govindaraj Garden is below this median.

• Gnanasundram Garden: Rs 2,800 per sq.ft (2024)
• Gayathri Garden: Rs 1,700 per sq.ft (2024)
• Hussian Garden: Rs 1,100 per sq.ft (2024)
• Igp Ganesh Nagar: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,700 per sq.ft (2024)
• Ganesh Ram Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Govindaraj Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 Govindaraj Garden?

The Govindaraj Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Govindaraj Garden?

The current guideline value of Govindaraj Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Govindaraj Garden?

Govindaraj Garden is classified as Residential Class IV Type - II, which indicates its intended use for residential purposes.

What is the median guideline value in Chemmancheri?

The median guideline value for streets in Chemmancheri is Rs 1,700 per sq.ft, with Govindaraj Garden's value being below this median.

Where can I find the Neelankarai Sub Registrar Office?

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