Guideline Value for GOLD GREEN CO-OPERATIVE NAGAR

Gold Green Co-Operative Nagar guideline value

The current guideline value of Gold Green Co-Operative Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Polivakkam village, under the jurisdiction of the Manavalanagar SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Gold Green Co-Operative Nagar has changed

The guideline value register for Gold Green Co-Operative Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision, which is Rs 450 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the first recorded figure for this street in the guideline value register.

Guideline values in Polivakkam

In Polivakkam, there are 80 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. Gold Green Co-Operative Nagar's 2024 figure is below this median.

• Hari Prasad Nagar: Rs 1,000 per sq.ft (2024)
• Hariprasad Nagar Extension: Rs 670 per sq.ft (2024)
• Anugriha City: Rs 800 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Shri Sai Garden Annex: Rs 550 per sq.ft (2024)
• Sri Ponniamman Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Gold Green Co-Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total charges to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gold Green Co-Operative Nagar?

The Sub Registrar Office that covers Gold Green Co-Operative Nagar is the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Polivakkam. It determines the amount of stamp duty and registration fees that will be applicable based on the property's value.

When a property is registered, the guideline value serves as the minimum value on which these fees are calculated. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gold Green Co-Operative Nagar?

The current guideline value of Gold Green Co-Operative Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register for Gold Green Co-Operative Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 450 per sq.ft.

What are the guideline values for other streets in Polivakkam?

In Polivakkam, the guideline values for other streets range from Rs 350 to Rs 1,500 per sq.ft, with a median of Rs 500 per sq.ft. Gold Green Co-Operative Nagar's value is below this median.

What are the stamp duty and registration fees for properties in Gold Green Co-Operative Nagar?

For a property valued at the guideline value of Rs 4,50,000, the stamp duty would be Rs 31,500, and the registration fee would be Rs 9,000, totaling Rs 40,500. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Gold Green Co-Operative Nagar?

The Manavalanagar Sub Registrar Office handles registrations for Gold Green Co-Operative Nagar. The office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.