Guideline Value for GOVINDHAPURAM (CHEN)

Govindhapuram (Chen) guideline value

The current guideline value of Govindhapuram (Chen) is Rs 1,100 per sq.ft, effective from the 2024 revision. This street is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Govindhapuram (Chen) has changed

The guideline value for Govindhapuram (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then revised to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making the guideline value for Govindhapuram (Chen) above that median.

• Govindapuram (Villa) (Chen): Rs 1,540 per sq.ft (2024)
• Gowtham Kiran Avenue: Rs 880 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Gst Road (Chen): Rs 2,200 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Govindhapuram (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Govindhapuram (Chen)?

The Sub Registrar Office that covers Govindhapuram (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Govindhapuram (Chen)?

The current guideline value of Govindhapuram (Chen) is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification for Govindhapuram (Chen)?

Govindhapuram (Chen) is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property in Govindhapuram (Chen)?

The stamp duty is charged at 7% of the guideline value, and the registration fee is at 2%. For a 1,000 sq.ft plot, the total cost would be Rs 99,000.

Where is the Sub Registrar Office for Govindhapuram (Chen)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.