Guideline Value for Railwaystation Road

Railwaystation Road guideline value

The current guideline value of Railwaystation Road in Gooduvancheri village is Rs 2,001 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Railwaystation Road has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure saw a significant increase in the 2023 revision, where it rose to Rs 2,000 per sq.ft. The latest revision in 2024 maintained this value at Rs 2,001 per sq.ft, reflecting no change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Railwaystation Road's 2024 figure above this median.

• Rajaji Street: Rs 2,001 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Radhakrishnan Street: Rs 2,001 per sq.ft (2024)
• Pushpa Kanth Nagar: Rs 1,200 per sq.ft (2024)
• Pushapa Avenue: Rs 1,200 per sq.ft (2024)
• Raj Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Railwaystation Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, resulting in a total of Rs 1,80,090. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Railwaystation Road?

The Railwaystation Road falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Gooduvancheri, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Railwaystation Road?

The current guideline value of Railwaystation Road is Rs 2,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2017 to 2024, the guideline value has increased by 49%, moving from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024.

What are the guideline values for other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, with rates ranging from Rs 1,000 to Rs 3,500 per sq.ft. For example, Rajaji Street and Radhakrishnan Street both have a guideline value of Rs 2,001 per sq.ft in 2024.

What is the registration fee for a property on Railwaystation Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 20,01,000, the registration fee would be Rs 40,020.

Where can I find the Sub Registrar Office for Railwaystation Road?

The Sub Registrar Office for Railwaystation Road is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.