Guideline Value for GOLDEN NAGAR

Golden Nagar guideline value

The current guideline value of Golden Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class II Type - III. The relevant registration office is the Tiruvallur Joint 1 SRO.

How the guideline value of Golden Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 400 per sq.ft, marking a rise of 49%.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

No specific village figures are provided for Thozhuvur. Currently, Golden Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Golden Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee, charged at 2%, would be Rs 8,000. Together, the total cost for stamp duty and registration fees would be Rs 36,000. It is important to note that 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thozhuvur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers must consider the guideline value when calculating their total costs, as it can significantly impact the overall expenditure.

When a property is sold, the guideline value is often used as a reference point for the sale price. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the registration office.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen a decrease to Rs 268 per sq.ft in 2017 and then increased back to Rs 400 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

What is the land classification of Golden Nagar?

Golden Nagar is classified as Residential Class II Type - III, indicating its intended use for residential purposes.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 36,000.