Guideline Value for GOLDAN ROYAL

Goldan Royal guideline value

The current guideline value of Goldan Royal is Rs 501 per sq.ft, effective from 1 July 2024. This property is located in Karumbur village, under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Goldan Royal has changed

The guideline value for Goldan Royal 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 that, the value increased to Rs 500 per sq.ft in 2023 and has now reached Rs 501 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value remained unchanged at Rs 501 per sq.ft.

Guideline values in Karumbur

In Karumbur, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 600 per sq.ft. The median value is Rs 501 per sq.ft, which is the same as the guideline value for Goldan Royal.

• Jayamaruthi Puram: Rs 501 per sq.ft (2024)
• Balakirshnan Nagar: Rs 350 per sq.ft (2024)
• Balaji Nagar Phase-II: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Alavattayamman Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Goldan Royal

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, while the registration fee at 2% would be Rs 10,020, making the total cost for these fees Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Goldan Royal?

The Chengleput Joint II Sub Registrar Office covers Goldan Royal and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Karumbur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registers.

Frequently asked questions

What is the current guideline value of Goldan Royal?

The current guideline value of Goldan Royal is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 501 per sq.ft in 2024.

What is the land classification of Goldan Royal?

Goldan Royal is classified as Mixed Special Type - I, according to the Chengleput Joint II SRO guidelines.

What are the stamp duty and registration fees for a property in Goldan Royal?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 45,090.

Which office handles the registration for Goldan Royal?

The Chengleput Joint II Sub Registrar Office handles the registration for Goldan Royal, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.