Guideline Value for Golden Earth City

Golden Earth City guideline value

The current guideline value of Golden Earth City is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Palavakkam village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of Golden Earth City has changed

The guideline value of Golden Earth City has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 150 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. Specifically, the change from 2017 to 2023 was a 50% increase, while the value remained unchanged from 2023 to 2024.

Guideline values in Palavakkam

In addition to Golden Earth City, other streets in Palavakkam under the Arani_Tiruvallur SRO also have their guideline values set at Rs 150 per sq.ft for 2024. Below are the other streets in Palavakkam:

• Sri Sairam Nagar Phase II: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Earth City

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The applicable stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total fee of Rs 13,500. It is important to note that the 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 Earth City?

The Sub Registrar Office that covers Golden Earth City is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Palavakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are required to complete the sale process.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are paid. This helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Golden Earth City?

The current guideline value of Golden Earth City is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

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

The stamp duty for a property valued at Rs 1,50,000 is Rs 10,500, and the registration fee is Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Golden Earth City located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What land classification is Golden Earth City under?

Golden Earth City is classified as Residential Class III Type - I.