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Guideline Value

Corporate

Guideline Value for Golden George Nagar Ambika Street

₹7100/sq.ft.

The guideline value for Golden George Nagar Ambika Street 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 ₹715 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹371 /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 George Nagar Ambika Street

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Golden George Nagar Ambika Street guideline value

The current guideline value for Golden George Nagar Ambika Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Golden George Nagar Ambika Street has changed

The guideline value for Golden George Nagar Ambika Street has seen significant changes over the years. In 2002, the value was Rs 371 per sq.ft. This figure increased to Rs 715 per sq.ft in 2003, marking a rise of 93%. Following this, the value surged to Rs 2,000 per sq.ft in 2007, an increase of 180%. The next revision in 2012 saw a decrease to Rs 6,500 per sq.ft, a drop of 33%. In 2017, the value rose again to Rs 4,355 per sq.ft, which was a 49% increase from the previous revision. The 2023 revision set the value at Rs 6,500 per sq.ft, which remained the same until the latest revision in 2024, where it was raised to Rs 7,100 per sq.ft, representing a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1814%. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is equal to the current guideline value of Golden George Nagar Ambika Street.

Stamp duty and registration fee for property in Golden George Nagar Ambika Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to 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. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden George Nagar Ambika Street?

The Sub Registrar Office that covers Golden George Nagar Ambika Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value when finalizing their agreements to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded accurately and legally, protecting the interests of both parties involved in the sale.

Frequently asked questions

What is the current guideline value for Golden George Nagar Ambika Street?

The current guideline value for Golden George Nagar Ambika Street 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 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1814% over the years.

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

For a 1,000 sq.ft property, the total guideline value is Rs 71,00,000, with a stamp duty of Rs 4,97,000 and a registration fee of Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Golden George Nagar Ambika Street?

The Konnur Sub Registrar Office handles property registrations for Golden George Nagar Ambika Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Golden George Nagar Ambika Street?

The land classification for Golden George Nagar Ambika Street is Residential Special Type - I, indicating its designated use for residential purposes.