Guideline Value for Golden George Nagar Others street

Golden George Nagar Others street guideline value

The current guideline value for Golden George Nagar Others street is Rs 7,100 per sq.ft. 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 Others street has changed

The guideline value for Golden George Nagar Others street has undergone several revisions over the years. Starting from Rs 371 per sq.ft in 2002, the value increased to Rs 715 per sq.ft in 2003, marking a rise of 93%. The value then saw a significant increase to Rs 2,000 per sq.ft in 2007, which was a 180% jump. In 2012, the value was Rs 6,500 per sq.ft, reflecting a 225% increase from the previous revision. However, it dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,100 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1814%. The register has no figure for the years not specifically mentioned.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO carrying 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 guideline value of Golden George Nagar Others street.

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

Stamp duty and registration fee for property in Golden George Nagar Others 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, leading to a total of Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden George Nagar Others street?

The Sub Registrar Office covering Golden George Nagar Others 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 details.

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

The guideline value is a crucial factor during 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, ensuring that the transaction is documented accurately.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value for Golden George Nagar Others street?

The current guideline value for Golden George Nagar Others 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 increased from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, showing significant growth over the years.

What is the land classification for Golden George Nagar Others street?

The land classification for Golden George Nagar Others street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Konnur Sub Registrar Office covers Golden George Nagar Others street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Mugappair?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.