Guideline Value for GOLDEN RAIN AVENUE PHASE-IX

Golden Rain Avenue Phase-IX guideline value

The current guideline value of Golden Rain Avenue Phase-IX is Rs 500 per sq.ft. This property is located in Nattarasampattu village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Golden Rain Avenue Phase-IX has changed

Over the years, the guideline value for Golden Rain Avenue Phase-IX has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, followed by a return to Rs 500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 500 per sq.ft.

Guideline values in Nattarasampattu

Nattarasampattu has a total of 24 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 700 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, placing Golden Rain Avenue Phase-IX above this median.

• Golden Rain Avenue Phase (I-VIII): Rs 500 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Jayam Malar Nagar Phase-I: Rs 350 per sq.ft (2024)
• Jupiter Homes: Rs 500 per sq.ft (2024)
• Jupiter Nagar: Rs 500 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Rain Avenue Phase-IX

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Golden Rain Avenue Phase-IX?

The Golden Rain Avenue Phase-IX falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Nattarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Golden Rain Avenue Phase-IX?

The current guideline value for Golden Rain Avenue Phase-IX is Rs 500 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 in 2023 and 2024 maintaining the value at Rs 500 per sq.ft. The value decreased to Rs 335 per sq.ft in 2017 from Rs 500 per sq.ft in 2012, and there were no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Golden Rain Avenue Phase-IX?

The Gooduvancheri Sub Registrar Office handles the registration for Golden Rain Avenue Phase-IX, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the median guideline value in Nattarasampattu?

The median guideline value in Nattarasampattu is Rs 350 per sq.ft. Golden Rain Avenue Phase-IX is above this median with a guideline value of Rs 500 per sq.ft.