Guideline Value for A.L.S. Greenland

A.L.S. Greenland guideline value

The current guideline value of A.L.S. Greenland in Mudichur village, under the Padappai SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of A.L.S. Greenland has changed

The guideline value for A.L.S. Greenland has undergone several revisions over the years. In 2012, the value was set at Rs 1,100 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 737 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 1,100 per sq.ft, and then increased by 10% to Rs 1,210 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a net increase of 10% in the guideline value. The register has no figures for A.L.S. Greenland for the years 2002, 2003, and 2007.

Guideline values in Mudichur

Mudichur village has a total of 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing A.L.S. Greenland's 2024 figure below the median.

• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• Ambedhkar Nagar: Rs 1,210 per sq.ft (2024)
• Ambedkar Street, S.No.72/1 Natham: Rs 3,630 per sq.ft (2024)
• Amudham Nagar: Rs 2,200 per sq.ft (2024)
• Adhimoolar Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in A.L.S. Greenland

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.L.S. Greenland?

The Sub Registrar Office that covers A.L.S. Greenland is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the associated duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.L.S. Greenland?

The current guideline value of A.L.S. Greenland is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification of A.L.S. Greenland?

A.L.S. Greenland is classified as Residential Class II Type - I, which is important for understanding its zoning and usage regulations.

Where can I find the registration office for A.L.S. Greenland?

The registration office for A.L.S. Greenland is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in A.L.S. Greenland?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated accordingly.