Guideline Value for GOLD MINE BY URBAN TREE PHASE-II

Gold Mine By Urban Tree Phase-II guideline value

The current guideline value of Gold Mine By Urban Tree Phase-II is Rs 4,070 per sq.ft, effective from 1 July 2024. This property is located in Sundaracholavaram village under the Kunrathur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Gold Mine By Urban Tree Phase-II has changed

In the 2023 revision, the guideline value was Rs 3,700 per sq.ft. This marked an increase from previous revisions, as the register has no figures for this street in 2017, 2012, 2007, 2003, and 2002. The 2024 revision shows an increase of 10% from the 2023 figure, bringing the current guideline value to Rs 4,070 per sq.ft.

Comparing the revisions, the guideline value rose from Rs 3,700 in 2023 to Rs 4,070 in 2024. This change reflects the latest assessment of property values in the area.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, indicating that the guideline value for Gold Mine By Urban Tree Phase-II is above this median.

• Gold Mine By Urban Tree: Rs 4,070 per sq.ft (2024)
• Gramani Street: Rs 550 per sq.ft (2024)
• Jagathambal Avenue: Rs 880 per sq.ft (2024)
• Divya Nagar: Rs 880 per sq.ft (2024)
• Devi Karumariyamman Nagar: Rs 550 per sq.ft (2024)
• Chakreswari Nagar Extension: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Gold Mine By Urban Tree Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 4,070 per sq.ft, the total guideline value amounts to Rs 40,70,000. The stamp duty at 7% would be Rs 2,84,900, and the registration fee at 2% would be Rs 81,400, bringing the total fees to Rs 3,66,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gold Mine By Urban Tree Phase-II?

The Gold Mine By Urban Tree Phase-II property falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Sundaracholavaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is registered, the guideline value is used to determine the applicable fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Gold Mine By Urban Tree Phase-II?

The current guideline value of Gold Mine By Urban Tree Phase-II is Rs 4,070 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,700 per sq.ft in 2023 to Rs 4,070 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Gold Mine By Urban Tree Phase-II?

The land classification for Gold Mine By Urban Tree Phase-II is Mixed Special Type - II.

Where can I find the registration office for Gold Mine By Urban Tree Phase-II?

The registration office for Gold Mine By Urban Tree Phase-II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sundaracholavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 40,70,000, the stamp duty would be Rs 2,84,900 at 7%.