Guideline Value for Golden Nagar

Golden Nagar guideline value

The current guideline value of Golden Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 2,201 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Golden Nagar has changed

The guideline value for Golden Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,201 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for Golden Nagar for the years 2002, 2003, and 2007.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Golden Nagar's 2024 figure above this median.

• Geetha Nagar: Rs 2,200 per sq.ft (2024)
• Ganthi Nagar: Rs 1,300 per sq.ft (2024)
• Greas Nagar: Rs 1,900 per sq.ft (2024)
• Grist Nagar: Rs 1,900 per sq.ft (2024)
• G.S.naidu Nagar: Rs 1,300 per sq.ft (2024)
• Ganesh Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value amounts to Rs 22,01,000. The stamp duty, calculated at 7%, would be Rs 1,54,070, and the registration fee at 2% would be Rs 44,020. Together, the total cost for stamp duty and registration would be Rs 1,98,090. 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 details.

Which Sub Registrar Office covers Golden Nagar?

The Sub Registrar Office that covers Golden Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is crucial for legal documentation and the transfer of ownership, providing clarity and transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,000 to Rs 1,340 in 2017, then increased to Rs 2,000 in 2023, and finally to Rs 2,201 in 2024.

What is the land classification for Golden Nagar?

The land classification for Golden Nagar is Mixed Type - I.

Where can I find the Sub Registrar Office for Golden Nagar?

The Sub Registrar Office for Golden Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Golden Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,54,070.