Guideline Value for GREEN BEACH

Green Beach guideline value

The current guideline value of Green Beach in Muttukadu village, under the Thiruporur SRO, is Rs 2,100 per sq.ft. This area is classified as Residential Special Type - III.

How the guideline value of Green Beach has changed

In the 2012 revision, the guideline value was set at Rs 2,100 per sq.ft. However, this figure saw a decrease in the 2017 revision, dropping to Rs 1,407 per sq.ft, which is a decline of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 2,100 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, there has been no change in the guideline value, remaining at Rs 2,100 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Muttukadu

Currently, there are no specific village figures available for Muttukadu. Green Beach is one of the streets under the Thiruporur SRO. Other streets in Muttukadu include:

Stamp duty and registration fee for property in Green Beach

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000. Together, the total cost for stamp duty and registration fee would be Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Beach?

The Green Beach area 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 Muttukadu

The guideline value is a crucial factor in the registration process when buying or selling property in Muttukadu. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the Thiruporur SRO for registration, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that all transactions adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Green Beach?

The current guideline value of Green Beach is Rs 2,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 2,100 per sq.ft to Rs 1,407 per sq.ft, a drop of 33%. However, it increased back to Rs 2,100 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure.

What are the stamp duty and registration fees for property in Green Beach?

The stamp duty for property in Green Beach is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration would be Rs 1,89,000.

Which office handles property registrations for Green Beach?

The Thiruporur Sub Registrar Office handles property registrations for Green Beach, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for years other than 2012, 2017, and 2023?

The register has no figures for the years 2002, 2003, 2007, and 2024 for Green Beach. Therefore, only the revisions from 2012, 2017, and 2023 are relevant for this street.