Guideline Value for Godhandan Nagar 1st Street

Godhandan Nagar 1st Street guideline value

The current guideline value for Godhandan Nagar 1st Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Godhandan Nagar 1st Street has changed

The guideline value for Godhandan Nagar 1st Street has undergone several revisions over the years. The earliest recorded figure was Rs 690 per sq.ft in 2003, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. By 2012, the value remained unchanged at Rs 3,200 per sq.ft, but saw a dramatic increase to Rs 3,520 per sq.ft in the 2023 revision, reflecting a 10% increase. The register has no figure for this street in 2017 and 2002.

Overall, from 2003 to 2024, the guideline value has increased by 410%. The 2023 revision at Rs 3,200 per sq.ft was the same as the 2012 revision, indicating stability during that period. The current 2024 value of Rs 3,520 per sq.ft shows a notable increase from the previous year.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Godhandan Nagar 1st Street above this median at Rs 3,520 per sq.ft.

• Godhandan Nagar: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar Section: Rs 3,520 per sq.ft (2024)
• Godwin Dasan Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Godhandan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, resulting in a total of Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Godhandan Nagar 1st Street?

The Sub Registrar Office covering Godhandan Nagar 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark 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 or bought, the guideline value is assessed to calculate the applicable duties, ensuring that all transactions comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Godhandan Nagar 1st Street?

The current guideline value of Godhandan Nagar 1st Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 690 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 410% over the years.

What is the stamp duty rate for properties in Godhandan Nagar 1st Street?

The stamp duty rate for properties in Godhandan Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Godhandan Nagar 1st Street's value being above this median.