Guideline Value

Corporate

Guideline Value for Poovai Govindharaj Nagar

₹1540/sq.ft.

The guideline value for Poovai Govindharaj Nagar in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Poovai Govindharaj Nagar

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Poovai Govindharaj Nagar guideline value

The current guideline value of Poovai Govindharaj Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Poovai Govindharaj Nagar has changed

The guideline value for Poovai Govindharaj Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking an increase of 833%. However, it then decreased to Rs 938 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 927%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Poovai Govindharaj Nagar.

Stamp duty and registration fee for property in Poovai Govindharaj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poovai Govindharaj Nagar?

The Sub Registrar Office that covers Poovai Govindharaj 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 Thiruverkadu

The guideline value is a crucial factor when registering property in Thiruverkadu. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the sale process.

When a property is sold, the guideline value serves as a reference point for calculating the applicable fees. This ensures that the transaction is recorded accurately and that all necessary taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Poovai Govindharaj Nagar?

The current guideline value of Poovai Govindharaj Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, showing an overall increase of 927% over the years.

What is the land classification for Poovai Govindharaj Nagar?

The land classification for Poovai Govindharaj Nagar is Residential Class I Type - I.

Where can I find the registration office for Poovai Govindharaj Nagar?

The registration office for Poovai Govindharaj Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Poovai Govindharaj Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,07,800 at 7% of the guideline value.