Guideline Value for Godavari Nagar

Godavari Nagar guideline value

The current guideline value of Godavari Nagar, located in Ayyencheri village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Godavari Nagar has changed

Over the years, the guideline value of Godavari Nagar has seen several revisions. In the 2007 revision, the guideline value was Rs 380 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 295%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

From 2007 to 2023, the overall change in guideline value amounts to an increase of 295%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

No specific village figures are provided for Ayyencheri. Godavari Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Godavari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Godavari Nagar?

The Sub Registrar Office that covers Godavari Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayyencheri. It serves as the minimum value for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Godavari Nagar?

The current guideline value of Godavari Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 380 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Godavari Nagar?

The land classification for Godavari Nagar is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Godavari Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 15,00,000, leading to a stamp duty of Rs 1,05,000.