Guideline Value for GOLDEN CITY NAGAR

Golden City Nagar guideline value

The current guideline value of Golden City Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Golden City Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure increased significantly in the 2023 revision, where it remained at Rs 300 per sq.ft, marking a 49% increase from the 2017 figure. The 2024 revision also maintains the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Golden City Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. Golden City Nagar's 2024 guideline value is equal to this median.

• Golden City Ext: Rs 300 per sq.ft (2024)
• Gresh Avenue: Rs 300 per sq.ft (2024)
• Jaya Surya Nagar: Rs 300 per sq.ft (2024)
• Durai Swami Nagar: Rs 300 per sq.ft (2024)
• Kalai Garden: Rs 300 per sq.ft (2024)
• Dg Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Golden City Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden City Nagar?

The Sub Registrar Office that covers Golden City Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when purchasing or selling property in Anupampattu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps to standardize the pricing across different properties within the same area. This ensures transparency and consistency in property transactions within Anupampattu.

Frequently asked questions

What is the current guideline value of Golden City Nagar?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, moving from Rs 201 per sq.ft to Rs 300 per sq.ft in both the 2023 and 2024 revisions.

What are the other streets in Anupampattu with similar guideline values?

Other streets in Anupampattu, such as Golden City Ext, Gresh Avenue, Jaya Surya Nagar, Durai Swami Nagar, and Kalai Garden, also have a guideline value of Rs 300 per sq.ft for 2024.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated in Golden City Nagar?

Stamp duty in Golden City Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.