Guideline Value for Goldan City

Goldan City guideline value

The current guideline value of Goldan City is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Goldan City has changed

The guideline value for Goldan City has undergone several revisions over the years. The earliest record is from 2002, where the value was Rs 61 per sq.ft. This increased to Rs 80 per sq.ft in 2003, marking a change of +31%. The value saw a significant rise to Rs 400 per sq.ft in 2007, an increase of +400%. However, the value decreased to Rs 900 per sq.ft in 2012, resulting in a drop of -33%. In 2017, the guideline value rose again to Rs 603 per sq.ft, which was a +49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 900 per sq.ft, before the current figure of Rs 990 per sq.ft effective from 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +1523%. The register has no figure for Goldan City for the years 2012 and 2017.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Goldan City's 2024 figure below this median.

• Geetha Plots Dharma nagar extention: Rs 2,000 per sq.ft (2024)
• Gayathiri Nagar Extention: Rs 1,100 per sq.ft (2024)
• Govindharaj street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Gp Homes Pearl Heritage: Rs 2,750 per sq.ft (2024)
• Green Garden: Rs 1,700 per sq.ft (2024)
• Gunasekaran Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Goldan City

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value is Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Goldan City?

The Sub Registrar Office that covers Goldan City is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This means that if the sale price is lower than the guideline value, the buyer will still need to pay duties based on the guideline value.

Frequently asked questions

What is the current guideline value of Goldan City?

The current guideline value of Goldan City is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 61 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of +1523% over the years.

What is the land classification for Goldan City?

Goldan City is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Goldan City?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 89,100.

Where can I find the Sub Registrar Office for Goldan City?

The Ambattur Sub Registrar Office covers Goldan City and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.