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Guideline Value

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Guideline Value for Golden George Nagar Packiam Street

₹7100/sq.ft.

The guideline value for Golden George Nagar Packiam Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹715 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹371 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Golden George Nagar Packiam Street

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Golden George Nagar Packiam Street guideline value

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

The guideline value for Golden George Nagar Packiam Street has undergone several revisions over the years. The earliest recorded value was Rs 371 per sq.ft in 2002, which increased to Rs 715 per sq.ft in 2003. Following this, the value saw significant increases, reaching Rs 2,000 per sq.ft in 2007, and then jumping to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The most recent figures show an increase to Rs 6,500 per sq.ft in 2023, followed by the current value of Rs 7,100 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 was a substantial 225%, while the value dropped by 33% from 2012 to 2017. Overall, from 2002 to 2024, the guideline value has increased by 1814%.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO, with a 2024 guideline value range 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 the same as the current value for Golden George Nagar Packiam Street.

Stamp duty and registration fee for property in Golden George Nagar Packiam 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, charged at 7%, would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000. Together, the total fees would be Rs 6,39,000. It is important to note that 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Golden George Nagar Packiam Street?

The Sub Registrar Office that covers Golden George Nagar Packiam 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 critical factor in property transactions in Mugappair, as it determines the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this value, ensuring compliance with local regulations.

When selling a property, the guideline value helps establish a baseline for negotiations and final sale prices. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Golden George Nagar Packiam 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, reflecting an overall increase of 1814% over the years.

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

Golden George Nagar Packiam Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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.

Where is the Sub Registrar Office for Golden George Nagar Packiam Street located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, and it covers Golden George Nagar Packiam Street.