Guideline Value for Golden Castle

Golden Castle guideline value

The current guideline value of Golden Castle, located in Mevaloorkuppam B village under the Sriperumpudur SRO, is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Golden Castle has changed

The guideline value for Golden Castle has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft during the 2023 revision and continues to be Rs 400 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023 and maintaining the same value from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the overall change from the 2017 revision to the 2024 revision is a 49% increase. The consistent value of Rs 400 per sq.ft in the latest two revisions signifies stability in the guideline value for Golden Castle.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which aligns with the current value for Golden Castle.

• Golden Growvilla: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 100 per sq.ft (2024)
• Gandhi Street: Rs 100 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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while 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 and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Castle?

The Golden Castle property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a reference point for these calculations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to compute the applicable fees. This ensures that the registration process is based on a standardized valuation framework, helping to maintain transparency in property transactions.

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 remained at Rs 400 per sq.ft from 2023 to 2024, showing no change. However, it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase over that period.

What are the registration fees for property in Golden Castle?

The registration fees for a property in Golden Castle are based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,000, which includes stamp duty and registration fees.

Which office handles property registrations for Golden Castle?

The Sriperumpudur Sub Registrar Office handles property registrations for Golden Castle, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined for other streets in Mevaloorkuppam B?

The guideline value for other streets in Mevaloorkuppam B is determined by the Registration Department's guideline value register. Various streets have different values, with the 2024 figures ranging from Rs 100 to Rs 6,200 per sq.ft.