Guideline Value for Godhavari Street

Godhavari Street guideline value

The current guideline value of Godhavari Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Godhavari Street has changed

The guideline value for Godhavari Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 282 per sq.ft. This increased to Rs 650 per sq.ft in 2003, marking a 130% rise. In 2007, the value jumped significantly to Rs 900 per sq.ft, which was a 38% increase. The 2012 revision saw the value rise to Rs 3,500 per sq.ft, reflecting a remarkable 289% increase from 2007. However, the 2017 revision brought a decrease to Rs 2,345 per sq.ft, a drop of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, which was a 49% increase. Finally, the current revision in 2024 set the guideline value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

There are no figures available for revisions other than those listed above for Godhavari Street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Godhavari Street.

• Goodshed 1st Lane: Rs 3,900 per sq.ft (2024)
• Goodshed 2nd Lane: Rs 2,800 per sq.ft (2024)
• Goodshed 3rd Lane: Rs 3,900 per sq.ft (2024)
• Goodshed Road: Rs 3,900 per sq.ft (2024)
• Gopalakrishnan Street: Rs 3,900 per sq.ft (2024)
• Gas Godown Street (Saraswathi Nagar): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Godhavari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Godhavari Street?

The Sub Registrar Office that covers Godhavari Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is officially documented and that the correct fees are collected. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Godhavari Street?

The current guideline value of Godhavari Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 282 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1283% over the years.

What is the land classification for Godhavari Street?

Godhavari Street is classified as Residential Class I Type - III, which is important for understanding its usage and potential restrictions.

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

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

Which office handles the registration for Godhavari Street?

The Alandur Sub Registrar Office handles the registration for Godhavari Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.