Guideline Value for Govinda Mettu Street

Govinda Mettu Street guideline value

The current guideline value of Govinda Mettu Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Govinda Mettu Street has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,200 per sq.ft. The current 2024 revision also maintains this value at Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the value has also increased by 49%, reflecting stability in the recent revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Govinda Mettu Street's 2024 figure above this median.

• Govarthinan Nagar: Rs 1,000 per sq.ft (2024)
• Gothanda Nadar Nagar: Rs 1,200 per sq.ft (2024)
• Gowthami Nagar: Rs 700 per sq.ft (2024)
• Giri Nagar: Rs 700 per sq.ft (2024)
• Guberan Nagar: Rs 700 per sq.ft (2024)
• Gandhi Road: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Govinda Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govinda Mettu Street?

The Sub Registrar Office that covers Govinda Mettu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Sriperumbudur A, the guideline value will be used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any disputes or issues that may arise due to undervaluation or overvaluation of the property.

Frequently asked questions

What is the current guideline value of Govinda Mettu Street?

The current guideline value of Govinda Mettu Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 1,200 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification of Govinda Mettu Street?

Govinda Mettu Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Govinda Mettu Street?

The Sriperumpudur Sub Registrar Office covers Govinda Mettu Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Govinda Mettu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.