Guideline Value for GOVINDARAJ STREET

Govindaraj Street guideline value

The current guideline value of Govindaraj Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Govindaraj Street has changed

The guideline value for Govindaraj Street has undergone significant changes over the years. In the 2017 revision, the value was set at Rs 1,005 per sq.ft. The most recent revision in 2024 has increased this to Rs 1,700 per sq.ft, marking a notable increase of 69% over the seven-year period.

It is important to note that the register has no figures for Govindaraj Street in the years 2023, 2012, 2007, 2003, and 2002. This lack of data means that the only revisions available for this street are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value 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 Street's 2024 figure below the median.

• GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR): Rs 5,000 per sq.ft (2024)
• Govindsamy 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Govindsamy 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Govindsamy 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Govindsamy Main Street: Rs 2,800 per sq.ft (2024)
• Govindsamy Street: Rs 2,800 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 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govindaraj Street?

The Neelankarai Sub Registrar Office covers Govindaraj Street. The office is 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 critical factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which a property must be registered, ensuring that the transaction is recorded accurately in official documents.

When a buyer purchases a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Govindaraj Street?

The current guideline value of Govindaraj Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft, which is a change of 69%.

Are there any years without a guideline value for Govindaraj Street?

Yes, the register has no figures for Govindaraj Street for the years 2023, 2012, 2007, 2003, and 2002.

What are the other streets in Sholinganallur - 1 with their guideline values?

Other streets in Sholinganallur - 1 have varying guideline values, with the highest being Rs 5,000 per sq.ft for GOVINDARAJ 4th CROSS STREET (NEAR DAVARAJ NAGAR) and Rs 2,800 per sq.ft for several Govindsamy streets.

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.