Guideline Value for Golden Growvilla

Golden Growvilla guideline value

The current guideline value of Golden Growvilla is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village and falls under the Sriperumpudur SRO with a land classification of Residential Class II Type - I.

How the guideline value of Golden Growvilla has changed

The guideline value of Golden Growvilla has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where it was set at Rs 400 per sq.ft, reflecting a 49% increase from 2017 to 2023 and maintaining the same rate into 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only values recorded are from 2017, 2023, and 2024, with the most recent revision showing no change from the previous year.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is the same as the 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 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 Growvilla

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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, making a total of Rs 36,000. 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 further calculations.

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 more information.

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 serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This helps to maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and remained the same in 2024, marking a 49% increase over this period.

What are the guideline values of other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B have varying guideline values, ranging from Rs 100 to Rs 6,200 per sq.ft, with the median being Rs 400 per sq.ft, which is the same as Golden Growvilla.

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

For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000.

Which office handles the registration for Golden Growvilla?

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