Guideline Value for Godhandan Nagar 3rd Street

Godhandan Nagar 3rd Street guideline value

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

How the guideline value of Godhandan Nagar 3rd Street has changed

The guideline value for Godhandan Nagar 3rd Street has seen several revisions over the years. Starting from Rs 690 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. The value remained unchanged at Rs 3,200 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw an increase of 10%, bringing the current guideline value to Rs 3,520 per sq.ft.

It is important to note that there are no figures available for the revisions in 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 410%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a range of guideline values, with 638 streets under the Pallavaram SRO carrying a 2024 figure 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 3rd Street's 2024 figure above this median.

• Godhandan Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar Section: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total of these fees to Rs 3,16,800. It is important to note that 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 more details.

Which Sub Registrar Office covers Godhandan Nagar 3rd Street?

The Sub Registrar Office that covers Godhandan Nagar 3rd 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 information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration of property sales. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the property transaction process.

When a property is sold, the guideline value is typically compared to the sale price to determine the applicable fees. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Godhandan Nagar 3rd Street?

The current guideline value of Godhandan Nagar 3rd 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 land classification of Godhandan Nagar 3rd Street?

Godhandan Nagar 3rd Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Godhandan Nagar 3rd Street?

The Sub Registrar Office for Godhandan Nagar 3rd Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Godhandan Nagar 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 3,16,800.