Guideline Value for GREEN CITY EXTENSION

Green City Extension guideline value

The current guideline value of Green City Extension in Avoor village, under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Green City Extension has changed

Since the 2017 revision, the guideline value for Green City Extension has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024, marking a significant change of 49%. The 2023 revision also recorded the same value of Rs 100 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has remained steady at Rs 100 per sq.ft from 2023 to 2024, with a cumulative increase of 49% from 2017 to 2024.

Guideline values in Avoor

In Avoor village, there are 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Green City Extension's 2024 guideline value is equal to this median.

• Icipl Estates: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• A R Garden: Rs 100 per sq.ft (2024)
• AlanKar Garden: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Green City Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Green City Extension?

The Green City Extension area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Avoor. It determines the amount of stamp duty and registration fees payable during the transaction process.

When you buy or sell property, the guideline value serves as a benchmark for the transaction price, ensuring that the correct fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Green City Extension?

The current guideline value of Green City Extension is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, representing a 49% increase overall.

What is the land classification for Green City Extension?

Green City Extension falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.