Guideline Value

Corporate

Guideline Value for SRI GOVINDAN NAGAR

₹300/sq.ft.

The guideline value for Sri Govindan Nagar in Ammannmpakkam village (Arani_tiruvallur SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ammannmpakkam

Village

Arani_Tiruvallur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sri Govindan Nagar

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Sri Govindan Nagar guideline value

The current guideline value of Sri Govindan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Ammannmpakkam village and falls under the Arani_Tiruvallur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sri Govindan Nagar has changed

Since the 2017 revision, the guideline value for Sri Govindan Nagar has increased by 49%. The 2017 revision set the value at Rs 201 per sq.ft, which was then revised to Rs 300 per sq.ft in 2023. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant, marking a 49% rise, and the overall change from 2017 to 2024 also stands at 49%.

Guideline values in Ammannmpakkam

Ammannmpakkam village has a range of guideline values for its streets, with 10 streets under the Arani_Tiruvallur SRO carrying a 2024 figure between Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 325 per sq.ft, making the guideline value of Sri Govindan Nagar below that median.

Stamp duty and registration fee for property in Sri Govindan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important 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 precise calculations based on your property details.

Which Sub Registrar Office covers Sri Govindan Nagar?

The Sub Registrar Office covering Sri Govindan Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ammannmpakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration reflects a fair value for the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Govindan Nagar?

The current guideline value of Sri Govindan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. The value remained the same from 2023 to 2024.

What is the median guideline value for streets in Ammannmpakkam?

The median guideline value for streets in Ammannmpakkam is Rs 325 per sq.ft. Sri Govindan Nagar's value of Rs 300 per sq.ft is below this median.

What are the stamp duty and registration fees for properties in Sri Govindan Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Govindan Nagar located?

The Sub Registrar Office for Sri Govindan Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.