Guideline Value for Golden George Nagar Raguman Street

Golden George Nagar Raguman Street guideline value

The current guideline value for Golden George Nagar Raguman 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 Raguman Street has changed

The guideline value for Golden George Nagar Raguman Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 371 per sq.ft. This increased to Rs 715 per sq.ft in 2003, marking a rise of 93%. The following revisions showed significant changes, with the 2007 revision setting the value at Rs 2,000 per sq.ft, a substantial increase of 180%. In 2012, the value was Rs 6,500 per sq.ft, which represented a 225% increase from the previous revision. However, in 2017, the value dropped to Rs 4,355 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the most recent 2024 revision set it at Rs 7,100 per sq.ft, which is a 9% increase from the prior year.

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

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with the median being Rs 7,100 per sq.ft. The guideline value for Golden George Nagar Raguman Street is equal to this median.

• Golden George Nagar Pillaiyar Koil Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Rengasamy Street and Opposite Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Petter Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Samson Saroja Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Pappana Venktarathinam Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar S. Ettiappan Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Raguman 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, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be 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 detailed calculations.

Which Sub Registrar Office covers Golden George Nagar Raguman Street?

The Sub Registrar Office that covers Golden George Nagar Raguman 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 during the registration of property transactions in Mugappair. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

Frequently asked questions

What is the current guideline value for Golden George Nagar Raguman Street?

The current guideline value for Golden George Nagar Raguman Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 1,814%.

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

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

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is 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 office handles the registration for this street?

The Konnur Sub Registrar Office handles the registration for Golden George Nagar Raguman Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.