Guideline Value for Golden George Nagar Annexure

Golden George Nagar Annexure guideline value

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

How the guideline value of Golden George Nagar Annexure has changed

The guideline value for Golden George Nagar Annexure has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,000 per sq.ft. This was followed by a significant increase to Rs 6,500 per sq.ft in 2012, marking a 225% rise. However, in 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The value then rose to Rs 6,500 per sq.ft in 2023, and most recently, it has been revised to Rs 7,100 per sq.ft in 2024, reflecting a 9% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 255%. The changes between the revisions highlight fluctuations in the guideline value, with the most substantial increase occurring between 2012 and 2017, followed by steady growth in the subsequent revisions.

Guideline values in Mugappair

In Mugappair village, 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 for Golden George Nagar Annexure.

• Golden George Nagar Ambika Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar ChristhuvaAlayamStreet: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Cinema Theatre Backside Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Dr. Selvi Jeyakumar Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar G.V. Joseph Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Judge Rathinavel Pandian Salai: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Annexure

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 to Rs 6,39,000. 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 George Nagar Annexure?

The Golden George Nagar Annexure falls under the Konnur Sub Registrar Office, located at 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 the registration process of property transactions in Mugappair. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with legal requirements.

Additionally, the guideline value serves as a benchmark for property transactions within the area. It helps buyers and sellers understand the value of the property based on official assessments, ensuring transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Golden George Nagar Annexure?

The current guideline value of Golden George Nagar Annexure 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 from Rs 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 255% over the years.

What is the land classification for Golden George Nagar Annexure?

The land classification for Golden George Nagar Annexure is Residential Special Type - I.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in Golden George Nagar Annexure?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 4,97,000 based on the current guideline value.