Guideline Value for Golden George Nagar Samson Saroja Street

Golden George Nagar Samson Saroja Street guideline value

The current guideline value of Golden George Nagar Samson Saroja Street is Rs 7,100 per sq.ft. 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 Samson Saroja Street has changed

Over the years, the guideline value of Golden George Nagar Samson Saroja Street has seen significant changes. The earliest recorded figure is from 2002, when the guideline value was Rs 371 per sq.ft. This figure increased to Rs 715 per sq.ft in 2003, marking a 93% rise. By 2007, the value jumped to Rs 2,000 per sq.ft, reflecting a 180% increase. The value then rose to Rs 6,500 per sq.ft in 2012, a substantial 225% increase from the previous revision. However, from 2012 to 2017, there was a decline of 33%, bringing the value down to Rs 4,355 per sq.ft. The subsequent revision in 2023 set the value at Rs 6,500 per sq.ft, which then increased to Rs 7,100 per sq.ft in the 2024 revision, representing a 9% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,814%. The register has no figures for any other years regarding this street.

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 for Golden George Nagar Samson Saroja Street.

• Golden George Nagar Rengasamy Street and Opposite Lane: Rs 7,100 per sq.ft (2024)
• Golden George Nagar S. Ettiappan Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Raguman Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Srinivasan Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Pillaiyar Koil Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar & Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Samson Saroja 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, 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 Samson Saroja Street?

The Sub Registrar Office that covers Golden George Nagar Samson Saroja Street is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchat, 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 plays a crucial role when buying or selling property in Mugappair. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the legal requirements during property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Golden George Nagar Samson Saroja 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, which is an overall increase of 1,814%.

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 office handles the registration for Golden George Nagar Samson Saroja Street?

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

What is the land classification for this street?

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