Guideline Value for Golden King Nagar

Golden King Nagar guideline value

The current guideline value for Golden King Nagar in Allappakkam village, under the Chengleput Joint I SRO, is Rs 1,102 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

How the guideline value of Golden King Nagar has changed

Looking at the revisions over the years, the guideline value for Golden King Nagar has seen several changes. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2023 revision, where it again was Rs 1,100 per sq.ft. In 2024, the value was revised to Rs 1,102 per sq.ft, reflecting no change from the previous year (2023) but a significant increase of 49% from Rs 737 per sq.ft in 2017.

Prior to 2012, the register has no figures for the years 2002, 2003, and 2007 for this street. The 2017 revision marked a decrease of 33% from the 2012 value. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 1,102 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is equal to the guideline value for Golden King Nagar.

• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Harigtan nagar: Rs 902 per sq.ft (2024)
• Fathima Garden: Rs 1,200 per sq.ft (2024)
• Doctor's Enclave: Rs 902 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 902 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Golden King Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,102 per sq.ft, the guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, totaling Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden King Nagar?

The Sub Registrar Office that covers Golden King Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Allappakkam

The guideline value is a critical factor in the registration process when buying or selling property in Allappakkam. It serves as the minimum value for which the property can be registered, ensuring that the transaction is documented at a recognized rate.

When a property is sold, the guideline value determines the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware of these values to ensure compliance with local regulations and avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Golden King Nagar?

The current guideline value of Golden King Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Golden King Nagar has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,102 per sq.ft in 2024.

What is the land classification for Golden King Nagar?

Golden King Nagar is classified under Residential Special Type - III, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Golden King Nagar?

For a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 and the registration fee would be Rs 22,040, totaling Rs 99,180.

Where is the Sub Registrar Office for Golden King Nagar located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.