Guideline Value for Govindharajulu naidu garden Street

Govindharajulu naidu garden Street guideline value

The current guideline value of Govindharajulu naidu garden 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 Govindharajulu naidu garden Street has changed

The guideline value for Govindharajulu naidu garden Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,700 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it decreased to Rs 2,479 per sq.ft. In 2023, the value increased to Rs 3,700 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,000 per sq.ft, marking an increase of 8% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The changes between revisions include a significant increase of 49% from 2017 to 2023, while the period from 2012 to 2017 saw a decrease of 33%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value among these streets is Rs 3,600 per sq.ft, placing Govindharajulu naidu garden Street's 2024 figure above this median.

• Govindharaj 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 Govindharajulu naidu garden Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total cost for these fees to Rs 3,60,000. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Govindharajulu naidu garden Street?

The Sub Registrar Office that covers Govindharajulu naidu garden 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 more information.

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

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

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Govindharajulu naidu garden Street?

The current guideline value of Govindharajulu naidu garden 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 2023 to Rs 4,000 per sq.ft in 2024, reflecting an 8% increase. From 2012 to 2024, the overall change is an increase of 8% as well.

What is the land classification for Govindharajulu naidu garden Street?

Govindharajulu naidu garden Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Govindharajulu naidu garden Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other streets in Ambattur with similar guideline values?

Other streets in Ambattur with notable guideline values include Govindharaj Street and Harikrishna naidu Street, both at Rs 4,000 per sq.ft, as well as Gopolsamy Nagar at Rs 3,600 per sq.ft.