Guideline Value for Golden George Nagar Kuppusamy Street

Golden George Nagar Kuppusamy Street guideline value

The current guideline value of Golden George Nagar Kuppusamy 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 Kuppusamy Street has changed

The guideline value for Golden George Nagar Kuppusamy Street has seen several revisions over the years. In 2002, the guideline value was Rs 371 per sq.ft. This increased to Rs 715 per sq.ft in 2003, marking a 93% rise. The value continued to rise significantly, reaching Rs 2,000 per sq.ft in 2007, which was a 180% increase from the previous revision. By 2012, the value was Rs 6,500 per sq.ft, reflecting a 225% increase from 2007. However, it decreased by 33% to Rs 4,355 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 6,500 per sq.ft, and then increased by 9% to Rs 7,100 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 1814%.

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, with a median value of Rs 7,100 per sq.ft. The guideline value for Golden George Nagar Kuppusamy Street is equal to this median.

• Golden George Nagar K. Srinivasan Kumarar Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Kuppusamy Street Opposite Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Judge Rathinavel Pandian Salai: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Nammalvar Avenue: Rs 7,100 per sq.ft (2024)
• Golden George Nagar G.V. Joseph Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Nanthini Lakshmanan Street: Rs 7,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. Please note that 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 further calculations.

Which Sub Registrar Office covers Golden George Nagar Kuppusamy Street?

The Sub Registrar Office that covers Golden George Nagar Kuppusamy 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 details.

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

The guideline value is an important factor during the registration of property transactions in Mugappair. It serves as a reference point for calculating the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling property, the guideline value helps determine the minimum price at which the property can be sold. It ensures that the transaction is registered at a value that reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Golden George Nagar Kuppusamy Street?

The current guideline value of Golden George Nagar Kuppusamy 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 from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, representing an overall increase of 1814% over the years.

What is the land classification for Golden George Nagar Kuppusamy Street?

Golden George Nagar Kuppusamy Street is classified as Residential Special Type - I.

What are the stamp duty rates applicable to property in Golden George Nagar Kuppusamy Street?

The stamp duty rate for property transactions in Golden George Nagar Kuppusamy Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for properties in Mugappair?

The registration for properties in Mugappair is handled by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.