Guideline Value for GOLDEN LANE

Golden Lane guideline value

The current guideline value of Golden Lane, located in Athur A Block village under the Chengleput Joint II SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Golden Lane has changed

Over the years, the guideline value for Golden Lane has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, marking a decrease of 33% from the 2012 figure. The guideline value has remained stable at Rs 600 per sq.ft from 2012 to 2024, reflecting a 0% change between the 2023 and 2024 revisions.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. From 2017 to 2023, the value increased by 49%, highlighting the fluctuations in the guideline values over the years.

Guideline values in Athur A Block

Athur A Block comprises 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for the area is Rs 600 per sq.ft, which aligns with the current guideline value of Golden Lane.

• Gangai Nagar: Rs 600 per sq.ft (2024)
• Ganapathy Nagar: Rs 600 per sq.ft (2024)
• En Garden: Rs 600 per sq.ft (2024)
• Doctor Avenue: Rs 550 per sq.ft (2024)
• Cynosure Extension Phase - V: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - IV: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Lane?

The Sub Registrar Office that covers Golden Lane is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role in property transactions in Athur A Block. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and accurate financial planning.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the fees are calculated based on a standardized value. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Golden Lane?

The current guideline value of Golden Lane is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for Golden Lane?

The land classification for Golden Lane is Mixed Type - I, indicating a diverse use of land in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by following the provided link.

How is stamp duty calculated for properties in Golden Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.