Guideline Value for GOLDEN DASS NAGAR-PHASE-2

Golden Dass Nagar-Phase-2 guideline value

The current guideline value of Golden Dass Nagar-Phase-2 is Rs 100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Kerukampakkam village and falls under the Oothukkottai SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Golden Dass Nagar-Phase-2 has changed

The guideline value for Golden Dass Nagar-Phase-2 has seen several revisions over the years. In 2012, the value was set at Rs 60 per sq.ft, which increased to Rs 40 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 150%, bringing it to Rs 100 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 100 per sq.ft, indicating no change from the previous year.

Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%.

Guideline values in Kerukampakkam

In Kerukampakkam, there are 8 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Golden Dass Nagar-Phase-2 in line with this median.

• Fruit Garden: Rs 100 per sq.ft (2024)
• M.R. Nagar: Rs 100 per sq.ft (2024)
• Pandurangan Nagar: Rs 100 per sq.ft (2024)
• Rojar Garden: Rs 100 per sq.ft (2024)
• Saraswathi Nagar: Rs 100 per sq.ft (2024)
• S.V. Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Dass Nagar-Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, while the registration fee at 2% would be Rs 2,000, leading to a total cost of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Golden Dass Nagar-Phase-2?

The Sub Registrar Office that covers Golden Dass Nagar-Phase-2 is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kerukampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Golden Dass Nagar-Phase-2?

The current guideline value of Golden Dass Nagar-Phase-2 is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, representing an overall increase of 67% over the period.

What are the other streets in Kerukampakkam with the same guideline value?

Other streets in Kerukampakkam, such as Fruit Garden, M.R. Nagar, and Pandurangan Nagar, also have a guideline value of Rs 100 per sq.ft as of 2024.

What is the stamp duty rate for properties in Golden Dass Nagar-Phase-2?

The stamp duty rate for properties in Golden Dass Nagar-Phase-2 is 7% of the guideline value or the sale price, whichever is higher.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.