Guideline Value for Metro Golden City

Metro Golden City guideline value

The current guideline value of Metro Golden City is Rs 1,300 per sq.ft as per the 2023 revision. This property is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Metro Golden City has changed

The guideline value of Metro Golden City has undergone several revisions over the years. In 2007, the guideline value was Rs 390 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a 233% rise. However, in 2017, the value decreased to Rs 871 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,300 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 233%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Metro Golden City is the only street mentioned under the Gooduvancheri SRO, and there are no other streets in Nalambakkam listed.

Stamp duty and registration fee for property in Metro Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the guideline value totals Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metro Golden City?

The Sub Registrar Office that covers Metro Golden City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the higher of the guideline value or the sale price is considered for the calculation of stamp duty. This ensures that the government receives the appropriate fees based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Metro Golden City?

The current guideline value of Metro Golden City is Rs 1,300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and finally returned to Rs 1,300 per sq.ft in 2023.

What is the land classification for Metro Golden City?

The land classification for Metro Golden City is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Metro Golden City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 91,000.