Guideline Value for Godhandan Nagar Section

Godhandan Nagar Section guideline value

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

How the guideline value of Godhandan Nagar Section has changed

The guideline value for Godhandan Nagar has seen several revisions over the years. The earliest recorded value in 2003 was Rs 690 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. In 2012, the value remained unchanged at Rs 3,200 per sq.ft, and this continued into 2023. However, from 2023 to 2024, the guideline value increased by 10%, reaching Rs 3,520 per sq.ft.

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

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 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 for the village is Rs 3,300 per sq.ft, placing Godhandan Nagar's 2024 figure above this median.

• Godhandan Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Godwin Dasan Street: Rs 2,160 per sq.ft (2024)
• Godhandan Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Godhandan Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Godhandan Nagar Section

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, bringing the total cost for these fees to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Godhandan Nagar Section?

The Godhandan Nagar Section is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area.

When registering a property, the buyer must pay the applicable stamp duty and registration fees 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 Godhandan Nagar Section?

The current guideline value of Godhandan Nagar Section 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 this period.

What is the registration office for Godhandan Nagar?

The registration office for Godhandan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Godhandan Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.