Guideline Value for GOVINDARAJ STREET

Govindaraj Street guideline value

The current guideline value of Govindaraj Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - II land classification.

How the guideline value of Govindaraj Street has changed

The guideline value for Govindaraj Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 857 per sq.ft. This figure increased to Rs 941 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 1,330 per sq.ft in 2007, which was a significant jump of 41%. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, reflecting a decline of 33%. In 2017, the value rose to Rs 2,680 per sq.ft, and from 2017 to 2023, there was a notable increase of 49%, bringing the value to Rs 4,000 per sq.ft. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 413%. The register has no figures for other years not mentioned in this summary.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median value for these streets is Rs 5,800 per sq.ft, making the guideline value for Govindaraj Street below this median.

• GOVINDAN SALAI (Collectrate Colony): Rs 6,300 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)
• Hasthagiri Street: Rs 5,800 per sq.ft (2024)
• Giri Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Govindaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Govindaraj Street?

The Sub Registrar Office that covers Govindaraj Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will use the guideline value to calculate the applicable fees, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Govindaraj Street?

The current guideline value of Govindaraj Street is Rs 4,400 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 857 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 413% over the years.

What is the land classification for Govindaraj Street?

Govindaraj Street is classified as Residential Class IV Type - II according to the land classification regulations.

Where can I find the Sub Registrar Office for Govindaraj Street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Govindaraj Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.