Guideline Value for Govardhan Doss Street

Govardhan Doss Street guideline value

The current guideline value of Govardhan Doss Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village under the Sembiam SRO, classified as Residential Class III Type - I.

How the guideline value of Govardhan Doss Street has changed

The guideline value for Govardhan Doss Street has seen several revisions over the years. In 2002, the value was Rs 427 per sq.ft, which increased to Rs 469 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, an increase of 113%. By 2012, the value was Rs 1,800 per sq.ft, which was an 80% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,800 per sq.ft in 2023, and finally reached the current figure of Rs 1,900 per sq.ft in 2024, a 6% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 345%. There are no figures available for revisions in years other than those listed above.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value among these streets is Rs 1,900 per sq.ft, which is equal to the guideline value of Govardhan Doss Street.

• Govindarajulu Lane: Rs 1,600 per sq.ft (2024)
• Govindarajulu Street: Rs 1,900 per sq.ft (2024)
• Gowtham Chand Lane: Rs 1,900 per sq.ft (2024)
• Hot Kins Road: Rs 1,900 per sq.ft (2024)
• Jagannatha Colony (Foxen St.): Rs 2,800 per sq.ft (2024)
• Francis Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Govardhan Doss Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Govardhan Doss Street?

The Sub Registrar Office that covers Govardhan Doss Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Govardhan Doss Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 427 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 345% over the years.

What are the registration fees for property in Govardhan Doss Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Govardhan Doss Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Govardhan Doss Street.

What is the median guideline value in Siruvallur?

The median guideline value in Siruvallur is Rs 1,900 per sq.ft, which is the same as the current guideline value for Govardhan Doss Street.