Its lighter, but I doubt by 300kgs.
One site has the Golf V GTI at 1364 kgs and the Polo at 1164 kgs (200kg on the nose).
Obviously by the time you remove the spare and back seats, the Polo weighs less, but I'm sure you can strip some weight from the Golf too...
Cant comment about Golf GTI, I was at a track day with Ian at Rennhaus, but that was a nicely modded R32...
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