Guideline Value

Corporate

Guideline Value for GOVINDASAMY NAGAR 4TH STREET

₹2800/sq.ft.

The guideline value for Govindasamy Nagar 4th Street in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹266 /sq.ft.
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 Govindasamy Nagar 4th Street

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Govindasamy Nagar 4th Street guideline value

The current guideline value of Govindasamy Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Govindasamy Nagar 4th Street has changed

The guideline value for Govindasamy Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 266 per sq.ft, which increased to Rs 500 per sq.ft in 2003, marking an 88% rise. By 2007, the value further increased to Rs 800 per sq.ft, a 60% change. The value then jumped significantly to Rs 2,500 per sq.ft in 2012, resulting in a 213% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent revision in 2024 set it at Rs 2,800 per sq.ft, which is a 12% increase.

There are no figures available in the register for the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by 953%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the 2024 guideline value of Govindasamy Nagar 4th Street below this median.

Stamp duty and registration fee for property in Govindasamy Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Therefore, the total cost for these fees together would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Govindasamy Nagar 4th Street?

The Sub Registrar Office that covers Govindasamy Nagar 4th Street is 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 Perungudi

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to assess the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Govindasamy Nagar 4th Street?

The current guideline value of Govindasamy Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 266 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, which is an overall increase of 953%.

What is the median guideline value for streets in Perungudi?

The median guideline value for streets in Perungudi is Rs 3,300 per sq.ft, with Govindasamy Nagar 4th Street's current value being below this median.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registration for Govindasamy Nagar 4th Street?

The Neelankarai Sub Registrar Office is responsible for property registration for Govindasamy Nagar 4th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.