Guideline Value for GREEN ACRES II LAYOUT

Green Acres II Layout guideline value

The current guideline value of Green Acres II Layout in Maathoor village, under the Sunguvarchattram SRO, is Rs 2,687 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Green Acres II Layout has changed

The guideline value for Green Acres II Layout has seen a significant change since the 2017 revision, which was Rs 1,800 per sq.ft. The value remained stable at Rs 2,687 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change. Overall, from 2017 to 2024, the guideline value has increased by 49%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 revision also maintained the same value of Rs 2,687 per sq.ft as in 2024, while the 2017 revision marked the last significant increase prior to the recent years.

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. Green Acres II Layout's 2024 figure is above this median.

• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acers III: Rs 2,687 per sq.ft (2024)
• Green Acres Layout: Rs 1,000 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)
• Gandhiji Street: Rs 500 per sq.ft (2024)
• Four Greens: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Green Acres II Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value amounts to Rs 26,87,000. The stamp duty, charged at 7%, would be Rs 1,88,090, while the registration fee at 2% would be Rs 53,740. Together, these fees total Rs 2,41,830. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Acres II Layout?

The Sub Registrar Office that covers Green Acres II Layout is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, 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 crucial factor when buying or selling property in Maathoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for legal documentation during the property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to avoid discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Green Acres II Layout?

The current guideline value of Green Acres II Layout is Rs 2,687 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,800 per sq.ft to Rs 2,687 per sq.ft, marking a 49% increase overall. The value remained stable from the 2023 to the 2024 revision.

What is the land classification for Green Acres II Layout?

The land classification for Green Acres II Layout is Mixed Type - I, which indicates the type of usage permitted in the area.

Where can I find the Sub Registrar Office for Green Acres II Layout?

The Sub Registrar Office for Green Acres II Layout is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Green Acres II Layout?

Stamp duty for properties in Green Acres II Layout is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,88,090 based on the current guideline value.