Guideline Value for Govindarajpuram Extn

Govindarajpuram Extn guideline value

The current guideline value of Govindarajpuram Extn is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Govindarajpuram Extn has changed

The guideline value for Govindarajpuram Extn has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 328 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 357% rise. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,500 per sq.ft, reflecting no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 357%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current value for Govindarajpuram Extn.

• Govindarajpuram: Rs 1,500 per sq.ft (2024)
• G.S.T. Road: Rs 3,500 per sq.ft (2024)
• Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Gandhi Street: Rs 1,500 per sq.ft (2024)
• Gandhi Nagar 1to 3 Streets: Rs 1,500 per sq.ft (2024)
• Ganapathy Nagar Extn.: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Govindarajpuram Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Govindarajpuram Extn?

The Sub Registrar Office covering Govindarajpuram Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to determine the financial implications of their transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Govindarajpuram Extn?

The current guideline value of Govindarajpuram Extn is Rs 1,500 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 328 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017. It has remained at Rs 1,500 per sq.ft since 2012, with no change between 2023 and 2024.

What is the land classification for Govindarajpuram Extn?

The land classification for Govindarajpuram Extn is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates in Nandhivaram?

The stamp duty rate in Nandhivaram is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Sub Registrar Office for Govindarajpuram Extn located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.