Guideline Value for Golden Castle

Golden Castle guideline value

The current guideline value of Golden Castle, located in Mevaloorkuppam village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of Golden Castle has changed

The guideline value for Golden Castle has undergone several revisions over the years. In 2007, the value was set at Rs 55 per sq.ft, which significantly increased to Rs 400 per sq.ft in 2012. However, this value saw a decrease of 33% to Rs 268 per sq.ft in 2017. The value remained stable at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Notably, the overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 627%. The fluctuations in the guideline value highlight the dynamics of property valuation in this area.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median guideline value is Rs 400 per sq.ft, making Golden Castle's current value equal to this median.

• Golden Growvilla: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)
• Happy Land Colony: Rs 400 per sq.ft (2024)
• Harini Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Castle

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to 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, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Castle?

The Golden Castle property is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the property transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Golden Castle?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 55 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the median guideline value in Mevaloorkuppam?

The median guideline value in Mevaloorkuppam is Rs 400 per sq.ft, which is the same as the current value for Golden Castle.

What are the stamp duty and registration fees for a property in Golden Castle?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles the registration of properties in Golden Castle?

The registration of properties in Golden Castle is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.