Guideline Value

Corporate

Guideline Value for Golden Nagar

₹220/sq.ft.

The guideline value for Golden Nagar in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹11 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Golden Nagar guideline value

The current guideline value of Golden Nagar, located in Perungavur village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Golden Nagar has changed

Since the 2003 revision, the guideline value for Golden Nagar has seen significant increases. In 2003, the value was Rs 11 per sq.ft, which rose to Rs 100 per sq.ft in 2007, marking an increase of 809%. The 2012 revision saw a value of Rs 200 per sq.ft, but this was a decrease of 33% from the previous revision. The value remained at Rs 200 per sq.ft in 2023, before increasing to Rs 220 per sq.ft in 2024, which is a 10% rise.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. The 2017 revision recorded a value of Rs 134 per sq.ft, representing a 49% increase from 2012. However, there is no figure available for the year 2002 in the register for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO, with guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 275 per sq.ft, indicating that Golden Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Golden Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making a total of Rs 19,800. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration of properties in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is crucial to be aware of the current guideline value, as it influences the overall transaction costs. Buyers should ensure they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 11 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting a total increase of 1900% over this period.

What is the registration fee for property in Golden Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 2,20,000, the registration fee would be Rs 4,400.

Which office handles the registration for Golden Nagar?

The Redhills Sub Registrar Office handles the registration for Golden Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the stamp duty and registration fees applicable during the property transaction. It serves as a benchmark for the valuation of the property being bought or sold.