Guideline Value for Mathiazhagan Nagar - Govindasamy Street

Mathiazhagan Nagar - Govindasamy Street guideline value

The current guideline value for Mathiazhagan Nagar - Govindasamy Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mathiazhagan Nagar - Govindasamy Street has changed

The guideline value for Mathiazhagan Nagar - Govindasamy Street has seen several revisions over the years. Starting from Rs 528 per sq.ft in 2002, the value increased to Rs 577 per sq.ft in 2003, marking a 9% rise. By 2007, the value jumped significantly to Rs 850 per sq.ft, reflecting a 47% increase. The 2012 revision brought the value to Rs 3,000 per sq.ft, a substantial 253% increase from 2007. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, which represented a 33% decline. The value then rose to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for this street for the years not mentioned in the register. The overall change from 2002 to 2024 reflects a significant increase of 525%.

Guideline values in Saligramam

In the village of Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Mathiazhagan Nagar - Govindasamy Street's 2024 figure below that median.

• Mathiazhagan Nagar - Aranganathan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Jeeva Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Anna Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Alagirisamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kanniah Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiazhagan Nagar - Govindasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mathiazhagan Nagar - Govindasamy Street?

The Mathiazhagan Nagar - Govindasamy Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Saligramam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

Frequently asked questions

What is the current guideline value for Mathiazhagan Nagar - Govindasamy Street?

The current guideline value for Mathiazhagan Nagar - Govindasamy Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 528 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 525% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Mathiazhagan Nagar - Govindasamy Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Where can I find more information on guideline values in Saligramam?

For more information on guideline values in Saligramam, you can refer to the respective links provided for other streets and consult the registration department's guideline value register.