Guideline Value for GREEN CITY

Green City guideline value

The current guideline value of Green City, located in Voyalur village under the Ponneri SRO, is Rs 126 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Green City has changed

According to the guideline value register, there are no figures available for Green City for the years 2002, 2003, 2007, 2012, and 2017. The revisions that do have figures are from 2023 and 2024, both set at Rs 126 per sq.ft, indicating no change between these two revisions.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 126 per sq.ft, the same as the previous year’s 2023 revision. This consistency reflects the unchanged status of the guideline value for this street over the past two years.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median of Rs 100 per sq.ft. Green City’s 2024 figure of Rs 126 per sq.ft is above this median.

• Hindustan Nagar: Rs 126 per sq.ft (2024)
• Indhira Nagar: Rs 100 per sq.ft (2024)
• Globel City: Rs 126 per sq.ft (2024)
• Global City Phase-I: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 100 per sq.ft (2024)
• J.P.Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Green City

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty is calculated at 7%, resulting in Rs 8,820, while the registration fee at 2% amounts to Rs 2,520. Together, the total cost for stamp duty and registration fee would be Rs 11,340. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Green City?

The Sub Registrar Office that covers Green City is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Voyalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms and to calculate applicable duties.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Green City?

The current guideline value of Green City is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained at Rs 126 per sq.ft for both the 2023 and 2024 revisions.

What is the land classification of Green City?

Green City falls under the Residential Class I Type - I land classification, which is significant for determining the guideline value and applicable regulations.

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

For a property valued at the guideline rate of Rs 126 per sq.ft, the stamp duty would be Rs 8,820 and the registration fee would be Rs 2,520, totaling Rs 11,340 for a 1,000 sq.ft plot.

Where is the Sub Registrar Office for Green City located?

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