Guideline Value for GE GREEN LAND

Ge Green Land guideline value

The current guideline value of Ge Green Land in Kannivakkam village is Rs 800 per sq.ft, effective from 1 July 2024. This property falls under the Commercial Class I Type - I land classification and is registered with the Thiruporur SRO.

How the guideline value of Ge Green Land has changed

The guideline value for Ge Green Land has remained consistent at Rs 800 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from the 2023 to the 2024 revision, there has been no change in the guideline value, reflecting a stable valuation at Rs 800 per sq.ft.

Guideline values in Kannivakkam

Kannivakkam village has 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. The guideline value for Ge Green Land is below this median.

• Ge Geo City: Rs 605 per sq.ft (2024)
• Ge Mahathi Avenue II: Rs 800 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)
• Ge Swarnaboomi & Ge Swargaboomi: Rs 800 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ge Green Land

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 more detailed calculations.

Which Sub Registrar Office covers Ge Green Land?

The Ge Green Land property is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kannivakkam, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers should be aware that the guideline value is assessed by the government and can vary between different properties.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ge Green Land?

The current guideline value of Ge Green Land is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since the 2023 revision, with no figures available for earlier revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Ge Green Land?

Ge Green Land is classified under Commercial Class I Type - I, indicating its intended use for commercial purposes.

What are the stamp duty and registration fees for Ge Green Land?

For a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value is Rs 8,00,000. The stamp duty at 7% is Rs 56,000, and the registration fee at 2% is Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Ge Green Land?

The registration for Ge Green Land is handled by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.