Guideline Value for GOLD MINE BY URBAN TREE

Gold Mine By Urban Tree guideline value

The current guideline value of Gold Mine By Urban Tree is Rs 3,610 per sq.ft, effective from 1 July 2024. This property is located in Sundaracholavaram village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

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

The guideline value for Gold Mine By Urban Tree has undergone several revisions over the years. The oldest figure available is from the 2017 revision, which was Rs 2,200 per sq.ft. This increased to Rs 3,284 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 3,610 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value for the village is Rs 660 per sq.ft, placing Gold Mine By Urban Tree's 2024 figure above this median.

• Gold Mine By Urban Tree Phase-II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,610 per sq.ft, the total guideline value would be Rs 36,10,000. The stamp duty at 7% would amount to Rs 2,52,700, and the registration fee at 2% would be Rs 72,200, bringing the total fees to Rs 3,24,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gold Mine By Urban Tree?

The Gold Mine By Urban Tree 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sundaracholavaram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that properties are not undervalued during the sale.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Gold Mine By Urban Tree is Rs 3,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2017 to Rs 3,610 per sq.ft in 2024, representing a total increase of 64% over this period.

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

Gold Mine By Urban Tree is classified as Mixed Special Type - I, according to the local land classification regulations.

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

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

How is the stamp duty calculated for properties in Sundaracholavaram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable based on the same value.