Guideline Value for GOVINDARAJI ST

Govindaraji St guideline value

The current guideline value of Govindaraji St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Govindaraji St has changed

The guideline value for Govindaraji St has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. Following this, the value increased to Rs 850 per sq.ft in the 2023 revision, and currently stands at Rs 935 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, the guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, reflecting a 10% increase over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with the median value being Rs 935 per sq.ft. The guideline value of Govindaraji St is equal to this median.

• Guru Kiruba Garden: Rs 935 per sq.ft (2024)
• G.N.Samy St: Rs 1,310 per sq.ft (2024)
• Immanuel St: Rs 935 per sq.ft (2024)
• Ganesh Nagar: Rs 1,310 per sq.ft (2024)
• Gandhi Street Thiruvalluvar Nagar: Rs 935 per sq.ft (2024)
• Gandhi Nagar (West): Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Govindaraji St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, resulting in a total of Rs 84,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Govindaraji St?

The Sub Registrar Office that covers Govindaraji St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a buyer purchases property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Govindaraji St?

The current guideline value of Govindaraji St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, with various revisions in between, including a reduction in 2017 and increases in subsequent years.

What is the land classification for Govindaraji St?

Govindaraji St is classified as Residential Class II Type - II under the guideline value register.

What are the stamp duty and registration fees for property in Govindaraji St?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Govindaraji St?

The Avadi Sub Registrar Office handles registration for Govindaraji St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.