Guideline Value for Golden Growvilla

Golden Growvilla guideline value

The current guideline value of Golden Growvilla 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 Growvilla has changed

The guideline value for Golden Growvilla has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 65 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a substantial rise of 515%. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value remained at Rs 400 per sq.ft from 2017 to 2023, and then stayed the same from 2023 to 2024, indicating no change during that period.

Overall, from 2007 to 2024, the guideline value has increased by 515%. The 2024 revision reflects a consistent value of Rs 400 per sq.ft, aligning with the median guideline value in Mevaloorkuppam.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,400 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the current guideline value for Golden Growvilla.

• Golden Castle: 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 Growvilla

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, 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden Growvilla?

The Sub Registrar Office that covers Golden Growvilla is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Mevaloorkuppam. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, with the higher amount being used to calculate the applicable fees. This ensures that both buyers and sellers are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Golden Growvilla?

The current guideline value of Golden Growvilla 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 65 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft from 2017 to 2024.

What is the land classification for Golden Growvilla?

Golden Growvilla is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Golden Growvilla?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,000.

Which office handles the registration for properties in Golden Growvilla?

The Sriperumpudur Sub Registrar Office handles the registration for properties in Golden Growvilla, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.