Guideline Value for Golden George Nagar Dr. Selvi Jeyakumar Street

Golden George Nagar Dr. Selvi Jeyakumar Street guideline value

The current guideline value of Golden George Nagar Dr. Selvi Jeyakumar Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of Golden George Nagar Dr. Selvi Jeyakumar Street has changed

Since the 2002 revision, the guideline value for Golden George Nagar Dr. Selvi Jeyakumar Street has seen significant changes. In 2002, the guideline value was Rs 371 per sq.ft, which increased to Rs 715 per sq.ft in 2003. Following this, in 2007, the value rose sharply to Rs 2,000 per sq.ft, marking an increase of 180%. The 2012 revision brought the value to Rs 6,500 per sq.ft, reflecting a 225% increase from the previous figure. However, in 2017, the guideline value decreased to Rs 4,355 per sq.ft, a decline of 33%. The value then increased again to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,814%. The register has no figures for the years not mentioned in this summary.

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 for these streets is Rs 7,100 per sq.ft, which is the same as the guideline value for Golden George Nagar Dr. Selvi Jeyakumar Street. Other streets in Mugappair include:

• Golden George Nagar Cinema Theatre Backside Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar G.V. Joseph Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar ChristhuvaAlayamStreet: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Judge Rathinavel Pandian Salai: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Annexure: Rs 7,100 per sq.ft (2024)
• Golden George Nagar K. Srinivasan Kumarar Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Dr. Selvi Jeyakumar Street

For a 1,000 sq.ft plot at the current guideline value, 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 to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden George Nagar Dr. Selvi Jeyakumar Street?

The Sub Registrar Office covering Golden George Nagar Dr. Selvi Jeyakumar 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 is an essential factor during property registration in Mugappair. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that all transactions are conducted in compliance with the regulations set by the authorities.

Frequently asked questions

What is the current guideline value of Golden George Nagar Dr. Selvi Jeyakumar Street?

The current guideline value of Golden George Nagar Dr. Selvi Jeyakumar 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 over the years, rising from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, an increase of 1,814% overall.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 6,39,000.

Which Sub Registrar Office covers this street?

The Konnur Sub Registrar Office covers Golden George Nagar Dr. Selvi Jeyakumar Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for this street?

The land classification for Golden George Nagar Dr. Selvi Jeyakumar Street is Residential Special Type - I.