Guideline Value for Govindhan pillali Street (S.V.Nagar)

Govindhan pillali Street (S.V.Nagar) guideline value

The current guideline value of Govindhan pillali Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Govindhan pillali Street (S.V.Nagar) has changed

The guideline value of Govindhan pillali Street (S.V.Nagar) has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased significantly to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a notable increase to Rs 1,500 per sq.ft, followed by another increase to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Rs 1,600 per sq.ft for Govindhan pillali Street (S.V.Nagar) is below this median.

• Govindhan Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Govindharaj Street(S.V. Nagar): Rs 1,600 per sq.ft (2024)
• Govindarajulu Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Govindan Street (Ganapathi Nagar): Rs 1,400 per sq.ft (2024)
• Govindan Street (Banu Nagar): Rs 2,200 per sq.ft (2024)
• Govindan Street (1st Ward): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Govindhan pillali Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Govindhan pillali Street (S.V.Nagar)?

The Sub Registrar Office that covers Govindhan pillali Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Govindhan pillali Street (S.V.Nagar)?

The current guideline value of Govindhan pillali Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Govindhan pillali Street (S.V.Nagar)?

The land classification for Govindhan pillali Street (S.V.Nagar) is Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,44,000.

Where can I find the Sub Registrar Office for Govindhan pillali Street (S.V.Nagar)?

The Sub Registrar Office for Govindhan pillali Street (S.V.Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.