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Guideline Value

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Guideline Value for Golden George Nagar Pillaiyar Koil Street

₹7100/sq.ft.

The guideline value for Golden George Nagar Pillaiyar Koil 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 Pillaiyar Koil Street

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Golden George Nagar Pillaiyar Koil Street guideline value

The current guideline value of Golden George Nagar Pillaiyar Koil 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 Pillaiyar Koil Street has changed

The guideline value for Golden George Nagar Pillaiyar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 371 per sq.ft. This value increased to Rs 715 per sq.ft in 2003, marking a significant rise of 93%. In 2007, the guideline value surged to Rs 2,000 per sq.ft, reflecting an increase of 180%. The value then rose to Rs 6,500 per sq.ft in 2012, which was a 225% increase from the previous revision. However, from 2012 to 2017, the guideline value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value increased again to Rs 6,500 per sq.ft in 2023, followed by a rise to Rs 7,100 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,814%. There are no figures available for the years not listed in the revisions for this street.

Guideline values in Mugappair

Mugappair village has a total of 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. Golden George Nagar Pillaiyar Koil Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Golden George Nagar Pillaiyar Koil 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 fees to Rs 6,39,000. It is important to note that the 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 more precise calculations.

Which Sub Registrar Office covers Golden George Nagar Pillaiyar Koil Street?

The Sub Registrar Office that covers Golden George Nagar Pillaiyar Koil 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 of properties in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Golden George Nagar Pillaiyar Koil 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 1,814% over this period.

What is the land classification for Golden George Nagar Pillaiyar Koil Street?

The land classification for Golden George Nagar Pillaiyar Koil Street is Residential Special Type - I, which indicates its designated use for residential purposes.

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.

Which Sub Registrar Office is responsible for Golden George Nagar Pillaiyar Koil Street?

The Konnur Sub Registrar Office is responsible for Golden George Nagar Pillaiyar Koil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.