Guideline Value for GOLDEN COUNTRY (WARD -9)

Golden Country (Ward -9) guideline value

The current guideline value of Golden Country (Ward -9) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Goodaloor village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Golden Country (Ward -9) has changed

The guideline value for Golden Country has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value per sq.ft.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft, with a median value of Rs 660 per sq.ft. Golden Country's 2024 figure of Rs 1,100 per sq.ft is above this median.

• Green City: Rs 825 per sq.ft (2024)
• Green Town: Rs 737 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Country (Ward -9)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden Country (Ward -9)?

The Sub Registrar Office that covers Golden Country (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Goodaloor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of ownership. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Golden Country (Ward -9)?

The current guideline value of Golden Country (Ward -9) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Goodaloor?

The median guideline value in Goodaloor is Rs 660 per sq.ft, with Golden Country's value of Rs 1,100 per sq.ft being above this median.

What are the stamp duty rates for properties in Golden Country (Ward -9)?

The stamp duty for properties in Golden Country (Ward -9) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Golden Country (Ward -9)?

The Sub Registrar Office for Golden Country (Ward -9) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepud Joint II SRO.