Guideline Value for Golden George Nagar Nanthini Lakshmanan Street

Golden George Nagar Nanthini Lakshmanan Street guideline value

The current guideline value of Golden George Nagar Nanthini Lakshmanan Street 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 Nanthini Lakshmanan Street has changed

The guideline value for Golden George Nagar Nanthini Lakshmanan Street has seen several revisions over the years. In 2002, the value was Rs 371 per sq.ft, which increased to Rs 715 per sq.ft in 2003, marking a 93% rise. The value then rose significantly to Rs 2,000 per sq.ft in 2007, reflecting a 180% increase. Following this, the guideline value jumped to Rs 6,500 per sq.ft in 2012, a 225% increase. However, it decreased to Rs 4,355 per sq.ft in 2017, resulting in a 33% decline. The 2023 revision set the value at Rs 6,500 per sq.ft, before it increased to the current Rs 7,100 per sq.ft in 2024, which is a 9% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1814%. There are no revisions for this street in the years not mentioned in the register.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO, with guideline values 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 current value of Golden George Nagar Nanthini Lakshmanan Street.

• Golden George Nagar Nammalvar Avenue: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Others 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 Packiam Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Kuppusamy Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Pappana Venktarathinam Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Nanthini Lakshmanan 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, 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 or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden George Nagar Nanthini Lakshmanan Street?

The Sub Registrar Office that covers Golden George Nagar Nanthini Lakshmanan 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 a crucial factor in the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

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

The current guideline value of Golden George Nagar Nanthini Lakshmanan 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 is the land classification for this street?

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

What are the other streets in Mugappair with the same guideline value?

Other streets in Mugappair with the same guideline value of Rs 7,100 per sq.ft include Golden George Nagar Nammalvar Avenue, Golden George Nagar Others street, Golden George Nagar Kuppusamy Street Opposite Lane, Golden George Nagar Packiam Street, Golden George Nagar Kuppusamy Street, and Golden George Nagar Pappana Venktarathinam Street.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.