I am having a document library with different folders. Each folder contains 100s of documents. I am creating a new column with name Status. When I change the status of the folder to "Locked" then Status column value for all the documents under this folder should be marked as "Locked" automatically. Is there any way that I can accomplish this thing? OOB there is no way to accomplish. Is it possible through workflow or content type?
I don't think that we can inherit metadata value from folder.But I would suggest to use document sets.
A Document Set is a group of related documents that you can manage as a single entity. You can create a Document Set in a single step, and then define its characteristics and metadata.