Guideline Value for Govinthammal Street

Govinthammal Street guideline value

The current guideline value of Govinthammal Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Periyapanancheri village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Govinthammal Street has changed

The guideline value for Govinthammal Street has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available in the register for the revisions in 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting a significant change in the guideline value during that period.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Govinthammal Street's 2024 figure below the median.

• Govindaraj Street: Rs 990 per sq.ft (2024)
• Gopal Street: Rs 1,650 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• G.T.Krishnan Avenue Annexe: Rs 1,650 per sq.ft (2024)
• Gandhi Street: Rs 2,200 per sq.ft (2024)
• Indira Nagar (ward 2): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Govinthammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govinthammal Street?

The Sub Registrar Office that covers Govinthammal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyapanancheri. It serves as a reference point 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 used to calculate the applicable charges, ensuring that all transactions are documented according to the established rates. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Govinthammal Street?

The current guideline value of Govinthammal Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Periyapanancheri?

The median guideline value for streets in Periyapanancheri is Rs 1,320 per sq.ft, with Govinthammal Street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties on Govinthammal Street?

For a 1,000 sq.ft plot at the guideline value of Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Govinthammal Street?

The Pammal Sub Registrar Office is responsible for handling registrations for Govinthammal Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.