Guideline Value for Goodshed Road

Goodshed Road guideline value

The current guideline value of Goodshed Road in Adambakkam village, under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - III land classification.

How the guideline value of Goodshed Road has changed

Over the years, the guideline value of Goodshed Road has seen significant changes. In the 2007 revision, the value was Rs 900 per sq.ft, which increased to Rs 3,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in the 2023 revision, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in guideline value is 333%. The changes between revisions include an increase of 289% from 2007 to 2012, a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and an increase of 11% from 2023 to 2024.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have 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 the same as the guideline value for Goodshed Road.

• Goodshed 3rd Lane: Rs 3,900 per sq.ft (2024)
• Goodshed 2nd Lane: Rs 2,800 per sq.ft (2024)
• Goodshed 1st Lane: Rs 3,900 per sq.ft (2024)
• Gopalakrishnan Street: Rs 3,900 per sq.ft (2024)
• Godhavari Street: Rs 3,900 per sq.ft (2024)
• G S T Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Goodshed Road

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, resulting in a total of Rs 3,51,000. It is important to note that the 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 Goodshed Road?

The Sub Registrar Office that covers Goodshed Road 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 more information.

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

When buying or selling property in Adambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions.

At the time of registration, the guideline value is used to calculate the applicable fees. Buyers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Goodshed Road?

The current guideline value of Goodshed Road 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 900 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 333% over this period.

What is the land classification for Goodshed Road?

Goodshed Road falls under the Residential Class I Type - III land classification.

What are the registration fees for property in Goodshed Road?

The registration fees are calculated based on the guideline value. For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000.

Which office handles the registration for Goodshed Road?

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