Guideline Value for Golden star Nagar

Golden star Nagar guideline value

The current guideline value of Golden star Nagar is Rs 805 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Golden star Nagar has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in the 2017 revision. This marks a decline of 33%. However, from 2017 to 2023, the value increased significantly by 72%, bringing it back to Rs 805 per sq.ft in 2023. The 2024 revision maintains this value at Rs 805 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for Golden star Nagar. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, indicating that the guideline value of Golden star Nagar is below this median.

• Gopal Street: Rs 806 per sq.ft (2024)
• G.K.N.Garden: Rs 880 per sq.ft (2024)
• Govinda Swami Street: Rs 806 per sq.ft (2024)
• Grace Avenue: Rs 1,200 per sq.ft (2024)
• Hari Krishna Nagar: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar Balaji Avenue: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Golden star Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total fees to Rs 72,450. 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 star Nagar?

The Sub Registrar Office that covers Golden star 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 Kovilpathagai

The guideline value is a critical factor in property transactions within Kovilpathagai. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers should be aware that the guideline value can influence the overall cost of the transaction, as these fees are calculated based on this value.

When registering a property, the guideline value ensures that both the buyer and seller are aware of the minimum value assigned to the property, which can affect financing and legal considerations. It is essential for all parties involved in a transaction to understand how the guideline value impacts their financial obligations.

Frequently asked questions

What is the current guideline value of Golden star Nagar?

The current guideline value of Golden star Nagar is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a notable increase from Rs 469 per sq.ft in 2017 to Rs 805 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 15%.

What are the guideline values of other streets in Kovilpathagai?

Other streets in Kovilpathagai have guideline values ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Golden star Nagar's value is below this median.

What fees are associated with buying property in Golden star Nagar?

When buying property in Golden star Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 72,450.

Which office handles property registrations for Golden star Nagar?

The Ambattur Sub Registrar Office is responsible for property registrations in Golden star Nagar. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.