Guideline Value for GOLDEN NAGAR

Golden Nagar guideline value

The current guideline value of Golden Nagar, located in Chettipunniyam village under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Golden Nagar has changed

Over the years, the guideline value of Golden Nagar has seen several revisions. The earliest recorded figure in the register is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, in the subsequent revision in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and remained the same in the 2024 revision, indicating no change between these two years. The register does not have figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. Golden Nagar's current guideline value is above this median.

• G.K. Avenue: Rs 900 per sq.ft (2024)
• Ganesan Nagar: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, these fees amount to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, 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 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 details.

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

When buying or selling property in Chettipunniyam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions and ensures compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Golden Nagar?

The land classification for Golden Nagar is Mixed Special Type - II, indicating the nature of land use in the area.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 90,000, based on the guideline value of Rs 10,00,000.

Where is the Sub Registrar Office for Golden Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.