Guideline Value for Govindharaj Street

Govindharaj Street guideline value

The current guideline value of Govindharaj Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Govindharaj Street has changed

The guideline value for Govindharaj Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,479 per sq.ft. Following this, the 2023 revision increased the value to Rs 3,700 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,000 per sq.ft, marking an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Govindharaj Street's 2024 value above this median.

• Govindharajulu naidu garden Street: Rs 4,000 per sq.ft (2024)
• Gopolsamy Nagar: Rs 3,600 per sq.ft (2024)
• Harikrishna naidu Street: Rs 4,000 per sq.ft (2024)
• Hariyana Street: Rs 2,600 per sq.ft (2024)
• G.N.G Street: Rs 4,600 per sq.ft (2024)
• G.N.G.Cross 3rd Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Govindharaj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total fees together to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Govindharaj Street?

The Sub Registrar Office that covers Govindharaj Street 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Govindharaj Street?

The current guideline value of Govindharaj Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification of Govindharaj Street?

Govindharaj Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in Govindharaj Street?

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Govindharaj Street?

The Ambattur Sub Registrar Office covers Govindharaj Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.