Guideline Value for GHANTA GREEN PARK

Ghanta Green Park guideline value

The current guideline value of Ghanta Green Park is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Paravallur village, under the Ponneri SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Ghanta Green Park has changed

The guideline value for Ghanta Green Park has remained consistent at Rs 400 per sq.ft since the 2023 revision. The previous revisions, specifically from 2017, 2012, 2007, 2003, and 2002, do not have any figures recorded for this street.

From the 2023 to the 2024 revision, there was a change of +0%, maintaining the guideline value at Rs 400 per sq.ft. This reflects the stability in the valuation for this area over the recent years.

Guideline values in Paravallur

In Paravallur, three streets under the Ponneri SRO have a 2024 guideline value ranging from Rs 250 to Rs 400 per sq.ft, with a median value of Rs 400 per sq.ft. Ghanta Green Park's 2024 figure aligns with this median value.

• Tamil Nagar: Rs 250 per sq.ft (2024)
• Thai Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ghanta Green Park

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. 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 Ghanta Green Park?

The Sub Registrar Office that covers Ghanta Green Park is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Paravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ghanta Green Park?

The current guideline value of Ghanta Green Park is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ghanta Green Park has remained at Rs 400 per sq.ft since the 2023 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Paravallur?

In Paravallur, the guideline values for other streets include Tamil Nagar at Rs 250 per sq.ft and Thai Garden at Rs 400 per sq.ft for 2024. Ghanta Green Park's value matches the median of these streets.

How is stamp duty calculated for properties in Ghanta Green Park?

Stamp duty for properties in Ghanta Green Park is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a stamp duty of Rs 28,000.

Where is the Sub Registrar Office for Ghanta Green Park located?

The Sub Registrar Office covering Ghanta Green Park is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.