Guideline Value for Central Green

Central Green guideline value

The current guideline value of Central Green, located in Kanthoor village, is Rs 590 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Mixed Type - II land.

How the guideline value of Central Green has changed

The guideline value for Central Green has seen several revisions over the years. In the 2012 revision, the value was set at Rs 590 per sq.ft. This figure remained unchanged in the 2017 revision, which also recorded a significant increase to Rs 395 per sq.ft in the 2017 revision, marking a 49% increase from the previous revision. The 2023 revision maintained the value at Rs 590 per sq.ft, which was the same as in 2012. As of the 2024 revision, the guideline value remains at Rs 590 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change, remaining consistently at Rs 590 per sq.ft.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value for these streets is Rs 181 per sq.ft, positioning Central Green above this median value.

• Central Grand: Rs 700 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Detroit Layout: Rs 400 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Central Green

For a 1,000 sq.ft plot at the current rate of Rs 590 per sq.ft, the guideline value amounts to Rs 5,90,000. The stamp duty, charged at 7%, would be Rs 41,300, while the registration fee at 2% would be Rs 11,800. Together, the total cost for these fees would be Rs 53,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Central Green?

The Sub Registrar Office that covers Central Green is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Kanthoor, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it helps in assessing the financial implications of the transaction. It ensures transparency and compliance with the legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Central Green?

The current guideline value of Central Green is Rs 590 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Central Green has remained at Rs 590 per sq.ft since 2012, with a significant increase from Rs 395 per sq.ft in 2017 to Rs 590 per sq.ft in 2023. There has been no change from 2023 to 2024.

What are the guideline values of other streets in Kanthoor?

Other streets in Kanthoor have varying guideline values, ranging from Rs 150 to Rs 700 per sq.ft. Central Green is positioned above the median value of Rs 181 per sq.ft.

What are the stamp duty and registration fees for property in Central Green?

The stamp duty for property in Central Green is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 53,100.

Which Sub Registrar Office covers Central Green?

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