Guideline Value for ESIC EMPLOYES UNION GOLDEN JUBLE NAGAR

Esic Employes Union Golden Juble Nagar guideline value

The current guideline value of Esic Employes Union Golden Juble Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Pakkam village, under the Madurandakam SRO, and is classified as Mixed Type - I.

How the guideline value of Esic Employes Union Golden Juble Nagar has changed

Looking at the historical revisions, the guideline value for this street has seen several changes over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, reflecting a 49% rise from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change was 0%. The most recent revision in 2024 has retained the guideline value at Rs 300 per sq.ft, indicating stability in the valuation for this street.

Guideline values in Pakkam

Pakkam village has 13 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 200 to Rs 350 per sq.ft, with the median value being Rs 300 per sq.ft. The guideline value for Esic Employes Union Golden Juble Nagar aligns perfectly with this median.

• J J Nagar: Rs 200 per sq.ft (2024)
• Assai Nagar Phase-6a: Rs 300 per sq.ft (2024)
• Asai Nagar: Rs 300 per sq.ft (2024)
• Kowsalya Garden: Rs 350 per sq.ft (2024)
• Akshaya Nagar: Rs 300 per sq.ft (2024)
• Aasai Nagar Phase-III: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Esic Employes Union Golden Juble Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be 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, totaling 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 detailed calculations.

Which Sub Registrar Office covers Esic Employes Union Golden Juble Nagar?

The Esic Employes Union Golden Juble Nagar falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Pakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Esic Employes Union Golden Juble Nagar?

The current guideline value of Esic Employes Union Golden Juble 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 remained at Rs 300 per sq.ft since 2012, with a significant increase to Rs 201 per sq.ft in 2017. There were no changes from 2023 to 2024.

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

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.

Which office handles registrations for Esic Employes Union Golden Juble Nagar?

The Madurandakam Sub Registrar Office handles registrations for Esic Employes Union Golden Juble Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306.

What is the land classification of Esic Employes Union Golden Juble Nagar?

Esic Employes Union Golden Juble Nagar is classified as Mixed Type - I, which affects its guideline value and usage.