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Guideline Value

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Guideline Value for Golden George Nagar Petter Street

₹7100/sq.ft.

The guideline value for Golden George Nagar Petter 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 Petter Street

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Golden George Nagar Petter Street guideline value

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

The guideline value for Golden George Nagar Petter 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. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007. The next revision in 2012 saw a decrease to Rs 6,500 per sq.ft, which remained unchanged until 2017, when it rose to Rs 4,355 per sq.ft. The value then increased to Rs 6,500 per sq.ft in 2023, and as of 1 July 2024, it stands at Rs 7,100 per sq.ft.

Notably, the changes between revisions include a 93% increase from 2002 to 2003, a 180% increase from 2003 to 2007, a 225% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 9% increase. 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. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Golden George Nagar Petter Street.

Stamp duty and registration fee for property in Golden George Nagar Petter 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, totaling 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden George Nagar Petter Street?

The Sub Registrar Office that covers Golden George Nagar Petter 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 during the registration process of property transactions in Mugappair. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. This value is set by the Registration Department and is regularly updated to reflect changes in the real estate market.

Frequently asked questions

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

The current guideline value of Golden George Nagar Petter 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 Golden George Nagar Petter Street?

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

What are the stamp duty and registration fees for a property 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 Petter Street located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, covering Golden George Nagar Petter Street.