Guideline Value for Govindharaj street (Iyappan nagar)

Govindharaj street (Iyappan nagar) guideline value

The current guideline value of Govindharaj street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Govindharaj street (Iyappan nagar) has changed

Over the years, the guideline value of Govindharaj street (Iyappan nagar) has seen significant changes. The 2007 revision set the value at Rs 200 per sq.ft, which then increased dramatically to Rs 1,600 per sq.ft in 2012, marking a 700% rise. However, this value dropped to Rs 1,072 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 1,600 per sq.ft in 2023, followed by a further increase to Rs 1,700 per sq.ft in 2024, representing a 6% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 750%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Govindharaj street (Iyappan nagar) is above this median.

• Gp Homes Pearl Heritage: Rs 2,750 per sq.ft (2024)
• Green Garden: Rs 1,700 per sq.ft (2024)
• Gunasekaran Nagar: Rs 1,700 per sq.ft (2024)
• Goldan City: Rs 990 per sq.ft (2024)
• I.C.F.Colony: Rs 1,700 per sq.ft (2024)
• I.C.F.Colony Extn.: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Govindharaj street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govindharaj street (Iyappan nagar)?

The Sub Registrar Office that covers Govindharaj street (Iyappan 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 details.

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

The guideline value is a crucial factor in the property registration process in Ayappakkam. When buying or selling property, this value determines the stamp duty and registration fees that need to be paid. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Additionally, the guideline value serves as a benchmark for property transactions in the area. Buyers should be informed about the guideline value to make educated decisions, while sellers can use it to set realistic expectations for their property sales.

Frequently asked questions

What is the current guideline value of Govindharaj street (Iyappan nagar)?

The current guideline value of Govindharaj street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 200 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 750% over the years.

What is the land classification of Govindharaj street (Iyappan nagar)?

Govindharaj street (Iyappan nagar) is classified as Residential Special Type - II under the Ambattur SRO.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Govindharaj street (Iyappan nagar)?

The Ambattur Sub Registrar Office handles registrations for Govindharaj street (Iyappan nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.