Guideline Value

Corporate

Guideline Value for Golden Flats

₹7100/sq.ft.

The guideline value for Golden Flats in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹596 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹543 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Golden Flats

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Golden Flats guideline value

The current guideline value of Golden Flats in Mugappair village, under the Konnur SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Golden Flats has changed

The guideline value for Golden Flats has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 543 per sq.ft. This increased to Rs 596 per sq.ft in 2003, marking a 10% rise. The following revision in 2007 saw a significant jump to Rs 2,000 per sq.ft, an increase of 236%. In 2012, the value was Rs 6,500 per sq.ft, reflecting a 225% increase from the previous revision. However, this figure dropped by 33% to Rs 4,355 per sq.ft in 2017. The 2023 revision set the value at Rs 6,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 7,100 per sq.ft, a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,208%. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Mugappair

Mugappair has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value for Golden Flats.

Stamp duty and registration fee for property in Golden Flats

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. 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 more details.

Which Sub Registrar Office covers Golden Flats?

The Sub Registrar Office that covers Golden Flats is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Mugappair. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It is crucial to note that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Golden Flats?

The current guideline value of Golden Flats is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 543 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1,208% over the years.

What is the land classification for Golden Flats?

The land classification for Golden Flats is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty rates for properties in Golden Flats?

The stamp duty for properties in Golden Flats is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Golden Flats located?

The Sub Registrar Office for Golden Flats is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.