Guideline Value for Golden George Nagar Kuppusamy Street Opposite Lane

Golden George Nagar Kuppusamy Street Opposite Lane guideline value

The current guideline value for Golden George Nagar Kuppusamy Street Opposite Lane 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 Kuppusamy Street Opposite Lane has changed

The guideline value for Golden George Nagar Kuppusamy Street has seen several revisions over the years. Starting from Rs 371 per sq.ft in 2002, it increased to Rs 715 per sq.ft in 2003, marking a significant rise of 93%. By 2007, the value surged to Rs 2,000 per sq.ft, reflecting a remarkable increase of 180%. The 2012 revision brought the value to Rs 6,500 per sq.ft, which was a substantial jump of 225% from the previous figure. However, in 2017, the value decreased to Rs 4,355 per sq.ft, representing a decline of 33%. The guideline value then rose to Rs 6,500 per sq.ft in 2023, followed by the current rate of Rs 7,100 per sq.ft in 2024, which is an increase of 9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1814%. There are no figures available for any other revisions for this street.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that have 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 guideline value for Golden George Nagar Kuppusamy Street.

• Golden George Nagar Kuppusamy Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Nammalvar Avenue: Rs 7,100 per sq.ft (2024)
• Golden George Nagar K. Srinivasan Kumarar Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Nanthini Lakshmanan 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 Others street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Kuppusamy Street Opposite Lane

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 cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Golden George Nagar Kuppusamy Street Opposite Lane?

The Sub Registrar Office that covers Golden George Nagar Kuppusamy Street is the Konnur Sub Registrar Office. The address is 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 key factor when registering a property in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Golden George Nagar Kuppusamy Street Opposite Lane?

The current guideline value for Golden George Nagar Kuppusamy Street Opposite Lane 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 land classification for this area?

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

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000, and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles the registration for this street?

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