Guideline Value for Govindaraj Street,Chennai 82

Govindaraj Street,Chennai 82 guideline value

The current guideline value of Govindaraj Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Govindaraj Street,Chennai 82 has changed

The guideline value of Govindaraj Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, it later decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Govindaraj Street's current value below this median.

• Gopal Pillai Nagar: Rs 4,400 per sq.ft (2024)
• Green Gardens- 1st Avenue: Rs 14,800 per sq.ft (2024)
• Guruvappa MaistryStreet: Rs 4,900 per sq.ft (2024)
• Gnanammal Garden: Rs 4,400 per sq.ft (2024)
• G.K.M. Colony, Chennai 82 & Streets: Rs 2,700 per sq.ft (2024)
• Gel. Coacher Street, Chennai 82: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Govindaraj Street,Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. Please 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 Govindaraj Street,Chennai 82?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This helps in maintaining a fair assessment of property transactions in the area.

Frequently asked questions

What is the current guideline value of Govindaraj Street, Chennai 82?

The current guideline value of Govindaraj Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340%.

What are the stamp duty and registration fees for a property on Govindaraj Street?

For a 1,000 sq.ft property, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Govindaraj Street?

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

What is the land classification for Govindaraj Street?

The land classification for Govindaraj Street is Residential Class II Type - I.