Guideline Value for Golden Nagar

Golden Nagar guideline value

The current guideline value of Golden Nagar, located in Anumandhakuppam village, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Golden Nagar has changed

Over the years, the guideline value of Golden Nagar has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 20 per sq.ft. This increased to Rs 70 per sq.ft in 2012, marking a significant rise of 250%. However, the value decreased to Rs 47 per sq.ft in 2017, a drop of 33%. The most recent revisions show that the guideline value remained unchanged at Rs 100 per sq.ft in both 2023 and the upcoming 2024 revision. Overall, from 2007 to 2024, the guideline value has increased by 400%.

It is important to note that there are no figures available for the years 2002 and 2003 for Golden Nagar in the register.

Guideline values in Anumandhakuppam

Golden Nagar shares its guideline value with other streets in Anumandhakuppam under the Madurandakam SRO. The current guideline value for these streets is consistent at Rs 100 per sq.ft.

• Manju Nagar: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty, charged at 7%, would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000. Together, the fees would total Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Golden Nagar?

The Sub Registrar Office that covers Golden Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Anumandhakuppam, the guideline value plays a crucial role during the registration process. The guideline value is used to determine the stamp duty and registration fees payable, ensuring that the transaction is officially recorded in accordance with the local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. This value is essential for calculating the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Golden Nagar?

The current guideline value of Golden Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office is responsible for Golden Nagar?

The Madurandakam Sub Registrar Office is responsible for Golden Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets with the same guideline value in Anumandhakuppam?

Yes, other streets in Anumandhakuppam, such as Manju Nagar, also have a guideline value of Rs 100 per sq.ft as of 2024.