Guideline Value for Govind Garden

Govind Garden guideline value

The current guideline value of Govind Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Govind Garden has changed

The guideline value for Govind Garden has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 150%. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, reflecting an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Govind Garden's 2024 figure below this median.

• Harris Street: Rs 3,300 per sq.ft (2024)
• H Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• H Block 15th Main Road: Rs 13,100 per sq.ft (2024)
• H Block 16th Main Road: Rs 13,100 per sq.ft (2024)
• G Block 2nd Street 10th Main Road: Rs 15,900 per sq.ft (2024)
• Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Govind Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 accurate calculations.

Which Sub Registrar Office covers Govind Garden?

The Sub Registrar Office that covers Govind Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Koyakbedu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that they are calculated based on the official rates set by the government.

Frequently asked questions

What is the current guideline value of Govind Garden?

The current guideline value of Govind Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 175% over the years.

What is the land classification for Govind Garden?

The land classification for Govind Garden is Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Govind Garden?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Govind Garden?

The AnnaNagar Sub Registrar Office handles registrations for Govind Garden, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.