Guideline Value for Golden Rain Avenue Phase (I-VIII)

Golden Rain Avenue Phase (I-VIII) guideline value

The current guideline value of Golden Rain Avenue Phase (I-VIII) is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Golden Rain Avenue Phase (I-VIII) has changed

The guideline value for Golden Rain Avenue Phase (I-VIII) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. Following this, the 2023 revision brought it back to Rs 500 per sq.ft, and this figure has been maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, the guideline value from 2012 to 2024 has remained constant, with an increase of 0%.

Guideline values in Nattarasampattu

In Nattarasampattu, there are 24 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft, with a median value of Rs 350 per sq.ft. Golden Rain Avenue Phase (I-VIII) has a guideline value above this median.

• Golden Rain Avenue Phase-IX: Rs 500 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Jayam Malar Nagar Phase-I: Rs 350 per sq.ft (2024)
• Jupiter Homes: Rs 500 per sq.ft (2024)
• Jupiter Nagar: Rs 500 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Rain Avenue Phase (I-VIII)

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Rain Avenue Phase (I-VIII)?

The Golden Rain Avenue Phase (I-VIII) falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nattarasampattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registers.

Frequently asked questions

What is the current guideline value for Golden Rain Avenue Phase (I-VIII)?

The current guideline value for Golden Rain Avenue Phase (I-VIII) is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable decrease to Rs 335 per sq.ft in 2017. From 2017 to 2023, it increased by 49% back to Rs 500 per sq.ft.

What is the land classification for Golden Rain Avenue Phase (I-VIII)?

The land classification for Golden Rain Avenue Phase (I-VIII) is Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 500 per sq.ft, the total fees would amount to Rs 45,000.