Guideline Value for Golden George Nagar G.V. Joseph Street

Golden George Nagar G.V. Joseph Street guideline value

The current guideline value for Golden George Nagar G.V. Joseph 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Golden George Nagar G.V. Joseph Street has changed

The guideline value for Golden George Nagar G.V. Joseph Street has undergone several revisions over the years. Starting from 2002, the value was Rs 371 per sq.ft, which increased to Rs 715 per sq.ft in 2003, marking a change of +93%. The value then saw a significant rise to Rs 2,000 per sq.ft in 2007, reflecting an increase of +180%. In 2012, the guideline value was Rs 6,500 per sq.ft, which was a +225% change from the previous revision. However, it decreased to Rs 4,355 per sq.ft in 2017, showing a decline of -33%. The value then increased to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,100 per sq.ft in 2024, which is a +9% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1814%. There are no figures available for revisions in years other than those 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 for these streets is Rs 7,100 per sq.ft, which is equal to the 2024 figure for Golden George Nagar G.V. Joseph Street.

• Golden George Nagar Dr. Selvi Jeyakumar Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Judge Rathinavel Pandian Salai: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Cinema Theatre Backside Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar K. Srinivasan Kumarar Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar ChristhuvaAlayamStreet: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Kuppusamy Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar G.V. Joseph 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. Together, the total cost for stamp duty and registration fee 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden George Nagar G.V. Joseph Street?

The Sub Registrar Office covering Golden George Nagar G.V. Joseph Street is 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 is a crucial factor in the registration process when buying or selling property in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Golden George Nagar G.V. Joseph Street?

The current guideline value for Golden George Nagar G.V. Joseph 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 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?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 71,00,000, the total stamp duty and registration fees would amount to Rs 6,39,000.

Which office handles registrations for Golden George Nagar G.V. Joseph Street?

The Konnur Sub Registrar Office is responsible for handling registrations for Golden George Nagar G.V. Joseph Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Golden George Nagar G.V. Joseph Street?

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