Guideline Value for GP PROMOTERS GREEN CITY

Gp Promoters Green City guideline value

The current guideline value of Gp Promoters Green City in Kilakadi village is Rs 433 per sq.ft, effective from 1 July 2024. This property falls under the Salavakkam SRO and is classified as Mixed Type - II land.

How the guideline value of Gp Promoters Green City has changed

Over the years, the guideline value for Gp Promoters Green City has seen several revisions. The most recent revision in 2024 set the value at Rs 433 per sq.ft, which is the same as the value established in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 290 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it remains at a 49% increase. The transition from 2023 to 2024 shows no change, maintaining the value at Rs 433 per sq.ft.

Guideline values in Kilakadi

Kilakadi village features a total of 21 streets under the Salavakkam SRO, with guideline values ranging from Rs 100 to Rs 433 per sq.ft as of 2024. The median guideline value for these streets is Rs 150 per sq.ft, placing Gp Promoters Green City above this median.

• Bazanai Kovil Street: Rs 102 per sq.ft (2024)
• Laurel Nagar: Rs 101 per sq.ft (2024)
• Mari Amman Kovil Street: Rs 100 per sq.ft (2024)
• Marudham Nagar: Rs 101 per sq.ft (2024)
• Marudham Nagar Extension: Rs 101 per sq.ft (2024)
• Mullai Nagar: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Gp Promoters Green City

For a plot size of 1,000 sq.ft at the current guideline value of Rs 433 per sq.ft, the total guideline value amounts to Rs 4,33,000. The stamp duty is calculated at 7%, which equals Rs 30,310, while the registration fee is set at 2%, amounting to Rs 8,660. Therefore, the total cost for stamp duty and registration fee together is Rs 38,970. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gp Promoters Green City?

The Gp Promoters Green City is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, 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 Kilakadi

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

When buying or selling property, the guideline value is essential for both the buyer and seller. It helps in establishing a fair price for the transaction and is used to calculate the necessary fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Gp Promoters Green City?

The current guideline value of Gp Promoters Green City is Rs 433 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 290 per sq.ft in 2017 to Rs 433 per sq.ft in 2024, marking a 49% increase over this period. There were no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Kilakadi?

The median guideline value for the 21 streets in Kilakadi under the Salavakkam SRO is Rs 150 per sq.ft. Gp Promoters Green City is above this median value.

What are the stamp duty and registration fees for properties in Gp Promoters Green City?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,33,000. The stamp duty at 7% amounts to Rs 30,310, and the registration fee at 2% is Rs 8,660, leading to a total of Rs 38,970 for stamp duty and registration fees.

Which office handles property registrations for Gp Promoters Green City?

The Salavakkam Sub Registrar Office manages property registrations for Gp Promoters Green City, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.