Guideline Value for GOLDEN CITY

Golden City guideline value

The current guideline value of Golden City in Thandalam village is Rs 150 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - II.

How the guideline value of Golden City has changed

The guideline value for Golden City has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 100 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 150 per sq.ft, reflecting a rise of 50% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 150 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thandalam

Currently, there are no specific guideline values provided for other streets in Thandalam. Golden City is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total charges to Rs 13,500. 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 Golden City?

The Sub Registrar Office that covers Golden City is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

When buying or selling property in Thandalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate taxes are collected during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Understanding these values can help in planning and budgeting for property purchases in the area.

Frequently asked questions

What is the current guideline value of Golden City?

The current guideline value of Golden City is Rs 150 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, and then back to Rs 150 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

What are the stamp duty and registration fees for buying property in Golden City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 13,500.

Which office handles property registration in Golden City?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Golden City. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price during property transactions.