Guideline Value for Govindaswamy Nagar 2nd Street

Govindaswamy Nagar 2nd Street guideline value

The current guideline value of Govindaswamy Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Govindaswamy Nagar 2nd Street has changed

The guideline value register for Govindaswamy Nagar 2nd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since there are no figures available for the previous revisions, there have been no changes recorded for this street between the revisions listed. The current guideline value remains the only figure documented in the register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, making the current figure for Govindaswamy Nagar 2nd Street below that median.

• Govindaswamy Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Govindaswamy Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Govindaswamy Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Govindaswamy Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Govindaswamy Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Govindaswamy Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Govindaswamy Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost together Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Govindaswamy Nagar 2nd Street?

The Sub Registrar Office that covers Govindaswamy Nagar 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It helps in calculating the applicable charges and ensures transparency in the property registration process.

Frequently asked questions

What is the current guideline value of Govindaswamy Nagar 2nd Street?

The current guideline value of Govindaswamy Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What are the land classification details for Govindaswamy Nagar 2nd Street?

Govindaswamy Nagar 2nd Street is classified as Residential Class II Type - I.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1823 streets in Madipakkam-1 under the Velacheri SRO, each carrying a 2024 guideline value.

What is the range of guideline values for streets in Madipakkam-1?

The guideline values for streets in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.