Guideline Value for RAJA CHOWDRY ST, GOVARTHANAGIRI

Raja Chowdry St, Govarthanagiri guideline value

The current guideline value of Raja Chowdry St, Govarthanagiri is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Raja Chowdry St, Govarthanagiri has changed

The guideline value for Raja Chowdry St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, representing an 87% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no recorded guideline values for Raja Chowdry St in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the current guideline value of Raja Chowdry St.

• Rainbow Avenue: Rs 1,375 per sq.ft (2024)
• Railway Parking Road: Rs 950 per sq.ft (2024)
• Rajaji St (East): Rs 950 per sq.ft (2024)
• Rajaji St (East)kamaraj Nagar: Rs 950 per sq.ft (2024)
• Radhakrishnan St: Rs 950 per sq.ft (2024)
• Rajbai Nagar 1st Cross St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Chowdry St, Govarthanagiri

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raja Chowdry St, Govarthanagiri?

The Sub Registrar Office that covers Raja Chowdry St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that buyers must pay when registering their property. This value ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is fairly assessed according to the current market standards.

Frequently asked questions

What is the current guideline value of Raja Chowdry St, Govarthanagiri?

The current guideline value of Raja Chowdry St, Govarthanagiri is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

What is the land classification for Raja Chowdry St?

The land classification for Raja Chowdry St, Govarthanagiri is Residential Special Type - I.

Which office handles registrations for Raja Chowdry St?

The Avadi Sub Registrar Office handles registrations for Raja Chowdry St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Raja Chowdry St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 at 7%.