Guideline Value for NEW GOLDEN CITY

New Golden City guideline value

The current guideline value of New Golden City, located in Perunthandalam village under the Chengleput Joint II SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of New Golden City has changed

The guideline value for New Golden City has undergone several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value with no changes from the previous year.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a net change of 0%.

Guideline values in Perunthandalam

In Perunthandalam, there are 8 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,350 per sq.ft. The median value for these streets is Rs 374 per sq.ft, placing New Golden City's 2024 figure below that median.

• Pcr Avenue: Rs 300 per sq.ft (2024)
• Karpagammal Nagar: Rs 200 per sq.ft (2024)
• Sheer Garden: Rs 200 per sq.ft (2024)
• Divine Meadows: Rs 500 per sq.ft (2024)
• Vijay Raja's Exurb: Rs 448 per sq.ft (2024)
• Doctors Pcr Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in New Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers New Golden City?

The Sub Registrar Office that covers New Golden City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Perunthandalam. It is used to determine the stamp duty and registration fees payable during the registration of property. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring transparency in property transactions.

When purchasing property, it is essential to consider the guideline value as it reflects the government’s assessment of property worth in the area. This value is updated periodically, and it is advisable to check the latest figures to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of New Golden City?

The current guideline value of New Golden City is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 before returning to Rs 200 per sq.ft in 2023.

What is the registration office for New Golden City?

The registration office for New Golden City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in New Golden City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a stamp duty of Rs 14,000.

What other streets have guideline values in Perunthandalam?

Other streets in Perunthandalam with guideline values include Pcr Avenue at Rs 300 per sq.ft, Karpagammal Nagar at Rs 200 per sq.ft, and Divine Meadows at Rs 500 per sq.ft, among others.