Guideline Value for Four Greens

Four Greens guideline value

The current guideline value of Four Greens in Maathoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Four Greens has changed

The guideline value for Four Greens has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was noted at Rs 670 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,000 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Four Greens is above this median.

• Ezhil Nagar: Rs 300 per sq.ft (2024)
• Gandhiji Street: Rs 500 per sq.ft (2024)
• Green Acers III: Rs 2,687 per sq.ft (2024)
• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres Layout: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Four Greens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, while the registration fee is charged at 2%, amounting to Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Four Greens?

The Sub Registrar Office that covers Four Greens is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Maathoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Four Greens?

The current guideline value of Four Greens is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and has remained the same in 2024.

What are the stamp duty and registration fees for properties in Four Greens?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 90,000.

Which office handles property registrations for Four Greens?

The Sunguvarchattram Sub Registrar Office is responsible for property registrations in Four Greens, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined in Maathoor?

The guideline value in Maathoor is determined by the Registration Department and varies by street. It is based on several factors, including land classification and market conditions, and is updated periodically through revisions.