Guideline Value for GOLDEN NAGAR

Golden Nagar guideline value

The current guideline value of Golden Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Golden Nagar has changed

The guideline value for Golden Nagar has seen several revisions over the years. In 2002, the value was Rs 37 per sq.ft, which increased to Rs 42 per sq.ft in 2003, marking a 14% rise. The value further increased to Rs 50 per sq.ft in 2007, representing a 19% change. A significant jump occurred in 2012 when the value reached Rs 300 per sq.ft, reflecting a 500% increase from the previous revision. However, in 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 300 per sq.ft, a 49% increase, and then to Rs 330 per sq.ft in 2024, marking a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 792%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value of Golden Nagar.

• Gms Nagar: Rs 330 per sq.ft (2024)
• Gayathri Nagar: Rs 330 per sq.ft (2024)
• GAYATHRI AVENUE/Extension: Rs 330 per sq.ft (2024)
• Gowtham Nagar: Rs 770 per sq.ft (2024)
• GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES: Rs 330 per sq.ft (2024)
• Happy Town: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value is Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. The duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Nagar?

The Sub Registrar Office that covers Golden Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Nanthiambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 37 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting a total increase of 792% over this period.

What is the median guideline value in Nanthiambakkam?

The median guideline value in Nanthiambakkam is Rs 330 per sq.ft, which is the same as the guideline value for Golden Nagar.

What are the stamp duty and registration fees for a property in Golden Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where can I find the Sub Registrar Office for Golden Nagar?

The Sub Registrar Office for Golden Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.