Guideline Value for Golden George Nagar Judge Rathinavel Pandian Salai

Golden George Nagar Judge Rathinavel Pandian Salai guideline value

The current guideline value of Golden George Nagar Judge Rathinavel Pandian Salai 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 Judge Rathinavel Pandian Salai has changed

The guideline value for Golden George Nagar Judge Rathinavel Pandian Salai has seen significant changes 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 then rose to Rs 2,000 per sq.ft in 2007, followed by a jump to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017. The value then increased to Rs 6,500 per sq.ft in 2023 and finally reached the current value of Rs 7,100 per sq.ft in 2024.

Between these revisions, the most notable changes include a 225% increase from 2007 to 2012, followed by a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,814%.

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 is Rs 7,100 per sq.ft, which is equal to the current guideline value of Golden George Nagar Judge Rathinavel Pandian Salai.

• Golden George Nagar G.V. Joseph Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar K. Srinivasan Kumarar 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 Kuppusamy Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Cinema Theatre Backside Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Kuppusamy Street Opposite Lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Judge Rathinavel Pandian Salai

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 stamp duty and registration 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Golden George Nagar Judge Rathinavel Pandian Salai?

The Sub Registrar Office that covers Golden George Nagar Judge Rathinavel Pandian Salai 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 when buying or selling property in Mugappair, as it determines the minimum value at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value, which can significantly impact the overall cost of the transaction.

When registering a property, the buyer should ensure that the sale price is at least equal to the guideline value to avoid any issues with the registration process. This ensures that the transaction is compliant with local regulations and reflects the true market conditions.

Frequently asked questions

What is the current guideline value of Golden George Nagar Judge Rathinavel Pandian Salai?

The current guideline value of Golden George Nagar Judge Rathinavel Pandian Salai 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, increasing from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1,814% over the years.

What is the land classification for this street?

Golden George Nagar Judge Rathinavel Pandian Salai is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Golden George Nagar Judge Rathinavel Pandian Salai is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,00,000, the total stamp duty and registration fees would amount to Rs 6,39,000.