Guideline Value for Govindarajulu Street

Govindarajulu Street guideline value

The current guideline value of Govindarajulu 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 Govindarajulu Street has changed

The guideline value for Govindarajulu Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012, marking an 80% rise. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, reflecting a drop of 33%. The value then rose significantly to Rs 1,800 per sq.ft in 2023, and further increased to Rs 1,900 per sq.ft in 2024, a change of 6%.

Overall, from 2007 to 2024, the guideline value has increased by 90%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value of Govindarajulu Street aligns with this median.

• Govindarajulu Lane: Rs 1,600 per sq.ft (2024)
• Govardhan Doss 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 Govindarajulu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Govindarajulu Street?

The Sub Registrar Office covering Govindarajulu Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Siruvallur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the stamp duty. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Govindarajulu Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,900 per sq.ft in 2024, reflecting a total increase of 90% over the years.

What are the stamp duty rates for properties in Govindarajulu Street?

The stamp duty for properties in Govindarajulu Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What other streets have guideline values in Siruvallur?

Other streets in Siruvallur include Govindarajulu Lane at Rs 1,600 per sq.ft, Govardhan Doss Street at Rs 1,900 per sq.ft, Gowtham Chand Lane at Rs 1,900 per sq.ft, Hot Kins Road at Rs 1,900 per sq.ft, Jagannatha Colony (Foxen St.) at Rs 2,800 per sq.ft, and Francis Street at Rs 1,900 per sq.ft.