Guideline Value for MRL GOLDEN NAGAR

Mrl Golden Nagar guideline value

The current guideline value of Mrl Golden Nagar is Rs 800 per sq.ft. This area is located in Nalambakkam village under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Mrl Golden Nagar has changed

Over the years, the guideline value of Mrl Golden Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 800 per sq.ft, reflecting a rise of 49% from 2017.

In summary, the guideline value has fluctuated between Rs 800 and Rs 536 in the past revisions, with no figures available for the years 2002, 2003, 2007, and 2024. Overall, when comparing the values from 2012 to 2023, there has been no change, as it remains at Rs 800 per sq.ft.

Guideline values in Nalambakkam

Currently, no specific guideline values for other streets in Nalambakkam are provided. Mrl Golden Nagar is part of the Gooduvancheri SRO, which oversees the registration process for properties in this area.

Stamp duty and registration fee for property in Mrl Golden Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which comes to Rs 56,000, and the registration fee is 2%, totaling Rs 16,000. Together, the total cost for stamp duty and registration fee is Rs 72,000. It is important to note that 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 Mrl Golden Nagar?

The Sub Registrar Office that covers Mrl Golden Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration of property transactions in Nalambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure that the correct fees are applied. This value helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Mrl Golden Nagar?

The current guideline value of Mrl Golden Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 800 in 2012 to Rs 536 in 2017, and then back to Rs 800 in 2023. Overall, there has been no change from 2012 to 2023.

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

For a property valued at Rs 8,00,000, the stamp duty is Rs 56,000 and the registration fee is Rs 16,000, totaling Rs 72,000.

Which office handles property registrations in Mrl Golden Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Mrl Golden Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value for other streets in Nalambakkam?

Currently, there are no specific guideline values provided for other streets in Nalambakkam.