Guideline Value for GREEEN VILLA PHASE II

Greeen Villa Phase II guideline value

The current guideline value of Greeen Villa Phase II is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Greeen Villa Phase II has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Greeen Villa Phase II. The guideline value for this street was Rs 603 per sq.ft during the 2023 revision, which increased by 9% to Rs 660 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the guideline value, moving from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. This increase indicates a shift in the valuation for properties in this area as per the latest revision.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Greeen Villa Phase II's 2024 figure is below this median.

• Green Park Phase I: Rs 660 per sq.ft (2024)
• Green Park Phase - II: Rs 880 per sq.ft (2024)
• Green Park Phase III: Rs 1,320 per sq.ft (2024)
• Green Villa Phase - I: Rs 660 per sq.ft (2024)
• Green Villas: Rs 750 per sq.ft (2024)
• Harijan 1st St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Greeen Villa Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. 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 Greeen Villa Phase II?

The Greeen Villa Phase II is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It serves as the base value for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value helps determine the official value for the transaction, ensuring that the appropriate taxes are paid. Buyers and sellers should be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Greeen Villa Phase II?

The current guideline value of Greeen Villa Phase II is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is a 9% increase.

What is the land classification for Greeen Villa Phase II?

The land classification for Greeen Villa Phase II is Residential Class I Type - IV.

What are the stamp duty and registration fees for a property in Greeen Villa Phase II?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers the registration for Greeen Villa Phase II?

The Avadi Sub Registrar Office covers the registration for Greeen Villa Phase II, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.