Guideline Value for Govindraj Nagar

Govindraj Nagar guideline value

The current guideline value of Govindraj Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, and the land classification is Mixed Special Type - III.

How the guideline value of Govindraj Nagar has changed

The guideline value of Govindraj Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during this period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Govindraj Nagar's 2024 figure above this median.

• Green County Avenue: Rs 2,630 per sq.ft (2024)
• Gurukkal Street: Rs 1,430 per sq.ft (2024)
• I.V. Avenue: Rs 1,760 per sq.ft (2024)
• Jaganathapuram: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 1st Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 2nd Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Govindraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Govindraj Nagar?

The Sub Registrar Office that covers Govindraj Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

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

When registering a property, buyers should be aware that the guideline value is assessed to ensure that the transaction is in line with the prevailing market conditions. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Govindraj Nagar?

The current guideline value of Govindraj Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the other streets in Kunrathour-B and their guideline values?

Other streets in Kunrathour-B include Green County Avenue at Rs 2,630 per sq.ft, Gurukkal Street at Rs 1,430 per sq.ft, and I.V. Avenue at Rs 1,760 per sq.ft, among others.

What fees are associated with buying property in Govindraj Nagar?

When purchasing property in Govindraj Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Govindraj Nagar?

The Sub Registrar Office for Govindraj Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.