Guideline Value for Golden City

Golden City guideline value

The current guideline value of Golden City in Malaipattu village, under the Sunguvarchattram SRO, is Rs 441 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Golden City has changed

In the 2012 revision, the guideline value was Rs 440 per sq.ft. This figure saw a decrease in the 2017 revision, dropping to Rs 295 per sq.ft, which was a -33% change. The value then increased significantly to Rs 441 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, resulting in a +49% change from 2017 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a +0% change during this period.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Golden City is above this median.

• Garden City: Rs 441 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)
• Farm Scapes Layout: Rs 200 per sq.ft (2024)
• Kalaizhnar Street: Rs 150 per sq.ft (2024)
• Kamarajar Salai: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 441 per sq.ft, the total guideline value would be Rs 4,41,000. The stamp duty at 7% would be Rs 30,870, and the registration fee at 2% would be Rs 8,820, making the total charges Rs 39,690. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden City?

The Golden City area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Malaipattu. It determines the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair value.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Golden City?

The current guideline value of Golden City is Rs 441 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 440 per sq.ft in 2012, dropped to Rs 295 per sq.ft in 2017, and rose to Rs 441 per sq.ft in both 2023 and 2024.

What is the land classification for Golden City?

Golden City is classified as Residential Special Type - I under the guideline value register.

What are the stamp duty rates for property in Golden City?

The stamp duty rate for property transactions in Golden City is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Golden City?

The Sub Registrar Office for Golden City is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.