Guideline Value for GLOBAL CITY

Global City guideline value

The current guideline value of Global City, located in Vakkupattu A village under the Walajabad SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - III land classification.

How the guideline value of Global City has changed

The guideline value for Global City has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The 2024 revision has maintained this value, showing no change from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it also increased by 49%. The consistent value of Rs 400 per sq.ft in the last two revisions indicates stability in the guideline value for this property.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,090 per sq.ft. The median guideline value is Rs 500 per sq.ft, placing Global City's 2024 figure below this median.

• Harshadha Homes: Rs 1,250 per sq.ft (2024)
• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Daffodils Exotica: Rs 750 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Rpd Village: Rs 500 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Global City

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 Global City?

The Sub Registrar Office that covers Global City is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vakkupattu A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is compliant with the regulations set by the Registration Department. This value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Global City?

The current guideline value of Global City is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase overall from 2017 to 2024.

What are the other streets in Vakkupattu A?

Other streets in Vakkupattu A include Harshadha Homes, Hiranandani Parks, Daffodils Exotica, Pavendhar Bharathidasan Nagar, Rpd Village, and Sai Baba Nagar, with their respective guideline values ranging from Rs 400 to Rs 1,250 per sq.ft in 2024.

What is the stamp duty rate for properties in Global City?

The stamp duty rate for properties in Global City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Global City?

The Sub Registrar Office for Global City is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.