Guideline Value for GOVINDASAMY STREET

Govindasamy Street guideline value

The current guideline value of Govindasamy Street is Rs 5,700 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village under the Konnur SRO, classified as Mixed Type - I land.

How the guideline value of Govindasamy Street has changed

The guideline value for Govindasamy Street has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 5,700 per sq.ft, which continued unchanged in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 5,700 per sq.ft, indicating no percentage change from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the guideline value has not fluctuated in the years where data is available, showing a stable valuation over the recent years.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Govindasamy Street's 2024 figure below the median.

• Gopal Nayakkar Nagar: Rs 3,800 per sq.ft (2024)
• Greenvies Colony: Rs 7,100 per sq.ft (2024)
• Goodwill Apartment: Rs 7,100 per sq.ft (2024)
• Golden George Rathinam Salai: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Vasantha Sreet: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Thirumathi Checheli Pushpam Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Govindasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,700 per sq.ft, the total guideline value would be Rs 57,00,000. The stamp duty at 7% would amount to Rs 3,99,000, and the registration fee at 2% would be Rs 1,14,000, bringing the total fees together to Rs 5,13,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Govindasamy Street?

The Sub Registrar Office covering Govindasamy Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Govindasamy Street?

The current guideline value of Govindasamy Street is Rs 5,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Govindasamy Street has remained at Rs 5,700 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Mugappair?

The median guideline value for streets in Mugappair is Rs 7,100 per sq.ft. Govindasamy Street's 2024 figure is below this median.

What are the stamp duty rates for property in Govindasamy Street?

The stamp duty for property transactions in Govindasamy Street is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. This office handles the registration of properties in the area.