Guideline Value for Golden George Nagar S. Ettiappan Street

Golden George Nagar S. Ettiappan Street guideline value

The current guideline value of Golden George Nagar S. Ettiappan 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 S. Ettiappan Street has changed

The guideline value for Golden George Nagar S. Ettiappan Street has undergone 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. The value saw a significant rise to Rs 2,000 per sq.ft in 2007, then jumped to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017. The next revision in 2023 brought the value up to Rs 6,500 per sq.ft, and the most recent revision in 2024 set it at Rs 7,100 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. There was a decrease of 33% from 2012 to 2017. The value surged by 225% from 2007 to 2012, and it rose by 180% from 2003 to 2007. Additionally, the increase from 2002 to 2024 is a remarkable 1,814%.

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 for these streets is Rs 7,100 per sq.ft, which is equal to the current guideline value of Golden George Nagar S. Ettiappan Street.

• Golden George Nagar Samson Saroja Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Srinivasan 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 & Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Raguman Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Thirumathi Checheli Pushpam Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar S. Ettiappan 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, making the total cost Rs 6,39,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden George Nagar S. Ettiappan Street?

The Sub Registrar Office that covers Golden George Nagar S. Ettiappan 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 information.

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 and sellers must consider this value when negotiating sale prices, as it can impact the overall transaction costs, including stamp duty and registration fees.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which is essential for maintaining transparency in the real estate market. It is advisable for buyers to be aware of the current guideline values in their area to make informed decisions.

Frequently asked questions

What is the current guideline value of Golden George Nagar S. Ettiappan Street?

The current guideline value of Golden George Nagar S. Ettiappan 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 are the other streets in Mugappair with the same guideline value?

Other streets in Mugappair with the same guideline value of Rs 7,100 per sq.ft include Golden George Nagar Samson Saroja Street, Golden George Nagar Srinivasan Street, and several others.

What is the registration fee for properties in this area?

The registration fee for properties in Golden George Nagar S. Ettiappan Street is 2% of the guideline value. For example, if the guideline value is Rs 71,00,000, the registration fee would be Rs 1,42,000.

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

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