Guideline Value for CCM GREEN GARDEN

Ccm Green Garden guideline value

The current guideline value of Ccm Green Garden in Molachoor village, under the Sunguvarchattram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class IV Type - II land classification.

How the guideline value of Ccm Green Garden has changed

The guideline value for Ccm Green Garden has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back up to Rs 300 per sq.ft, which has been maintained in the 2024 revision, showing no change from the previous year.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Ccm Green Garden is below this median.

• Bharathiyar Street: Rs 600 per sq.ft (2024)
• Bharathidhasan Street: Rs 600 per sq.ft (2024)
• Darga Street: Rs 600 per sq.ft (2024)
• Bhanu Nagar: Rs 460 per sq.ft (2024)
• Benjamin Naidu Street: Rs 800 per sq.ft (2024)
• B.B Innaiyya Naidu Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ccm Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. The duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ccm Green Garden?

The Ccm Green Garden property falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved. It is important to note that the fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ccm Green Garden?

The current guideline value of Ccm Green Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Ccm Green Garden?

Ccm Green Garden is classified under Residential Class IV Type - II, which indicates its zoning for residential purposes.

What is the median guideline value for streets in Molachoor?

The median guideline value for streets in Molachoor is Rs 600 per sq.ft, while Ccm Green Garden's value is below this median.

Where is the Sub Registrar Office for Ccm Green Garden located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.