Guideline Value for GOLDEN NAGAR

Golden Nagar guideline value

The current guideline value of Golden Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallapakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Golden Nagar has changed

The guideline value for Golden Nagar has undergone several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 268 per sq.ft. Following this, the value saw a significant increase to Rs 400 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, the guideline value from 2012 to 2024 has shown no change, remaining at Rs 400 per sq.ft.

Guideline values in Vallapakkam

In Vallapakkam, there are seven streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Golden Nagar above this median.

• King Makers: Rs 300 per sq.ft (2024)
• M.G Nagar: Rs 400 per sq.ft (2024)
• Shree Vari Nagar: Rs 300 per sq.ft (2024)
• Sri Abirami Nagar: Rs 300 per sq.ft (2024)
• Sss Nagar: Rs 300 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, resulting in Rs 28,000, while the registration fee at 2% amounts to Rs 8,000. Together, the total costs for stamp duty and registration fee would be Rs 36,000. 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 Nagar?

The Sub Registrar Office that covers Golden Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Vallapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will assess the guideline value to ensure that the transaction reflects the appropriate fees. This helps maintain transparency and consistency in property transactions within the region.

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, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing a value of Rs 400 per sq.ft in 2023 and 2024, after a decrease to Rs 268 per sq.ft in 2017.

What is the land classification for Golden Nagar?

The land classification for Golden Nagar is Residential Special Type - I, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for Golden Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Golden Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at a guideline value of Rs 400 per sq.ft would incur a total guideline value of Rs 4,00,000, with stamp duty and registration fees totaling Rs 36,000.