Guideline Value for Golden City

Golden City guideline value

The current guideline value of Golden City in Vattampakkam village is Rs 202 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Golden City has changed

The guideline value for Golden City has seen several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023, and most recently, it has risen to Rs 202 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a slight increase of 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. Golden City's 2024 guideline value is below this median.

• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Indiras New Town: Rs 700 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 200 per sq.ft (2024)
• Kalaizhnar Street (colony): Rs 200 per sq.ft (2024)
• Keerthika Avenue: Rs 448 per sq.ft (2024)
• Bajanai Kovil Street (colony): Rs 200 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 202 per sq.ft, the total guideline value amounts to Rs 2,02,000. The stamp duty at 7% would be Rs 14,140, and the registration fee at 2% would be Rs 4,040, bringing the total charges to Rs 18,180. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden City?

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

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

The guideline value is a crucial factor in property transactions in Vattampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of Golden City?

The current guideline value of Golden City is Rs 202 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and currently to Rs 202 per sq.ft in 2024.

What are the other streets in Vattampakkam?

Other streets in Vattampakkam include Gangaiamman Kovil Street (colony) at Rs 200 per sq.ft, Indiras New Town at Rs 700 per sq.ft, and Keerthika Avenue at Rs 448 per sq.ft, among others.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,02,000, the total charges would be Rs 18,180.

Which Sub Registrar Office covers Golden City?

The Sunguvarchattram Sub Registrar Office covers Golden City, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.