Guideline Value for Golden George Nagar ChristhuvaAlayamStreet

Golden George Nagar ChristhuvaAlayamStreet guideline value

The current guideline value of Golden George Nagar ChristhuvaAlayamStreet 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 ChristhuvaAlayamStreet has changed

The guideline value for Golden George Nagar ChristhuvaAlayamStreet has undergone several revisions over the years. In 2002, the value was Rs 371 per sq.ft, which increased to Rs 715 per sq.ft in 2003. The value saw a significant rise of 93% during this period. From 2003 to 2007, the guideline value rose to Rs 2,000 per sq.ft, marking an increase of 180%. The value then jumped to Rs 6,500 per sq.ft in 2012, reflecting a 225% increase from the previous revision. However, it dropped to Rs 4,355 per sq.ft in 2017, indicating a decrease of 33%.

In 2023, the guideline value was revised to Rs 6,500 per sq.ft, and it saw an increase of 9% to reach the current value of Rs 7,100 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1814%. There are no figures available for the revisions in the years not mentioned.

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 guideline value is Rs 7,100 per sq.ft, which is the same as the current value for Golden George Nagar ChristhuvaAlayamStreet.

• Golden George Nagar Annexure: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Cinema Theatre Backside Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Ambika Street: 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 ChristhuvaAlayamStreet

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, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be 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.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers Golden George Nagar ChristhuvaAlayamStreet?

The Sub Registrar Office that covers Golden George Nagar ChristhuvaAlayamStreet is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Mugappair, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any issues during property registration. The guideline value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value for Golden George Nagar ChristhuvaAlayamStreet?

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

What is the median guideline value for streets in Mugappair?

The median guideline value for streets in Mugappair is Rs 7,100 per sq.ft, which is the same as the current value for Golden George Nagar ChristhuvaAlayamStreet.

What fees are associated with buying property in Golden George Nagar ChristhuvaAlayamStreet?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 6,39,000.

Which office handles property registration for Golden George Nagar ChristhuvaAlayamStreet?

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