Guideline Value for GREEN CITY

Green City guideline value

The current guideline value of Green City in Goodaloor village is Rs 825 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Green City has changed

The guideline value for Green City has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 825 per sq.ft, which is an increase from Rs 750 per sq.ft in the 2023 revision. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, the guideline value rose by 10%. The previous figure in 2023 was Rs 750 per sq.ft, which reflects a consistent upward adjustment in the guideline value for this area.

Guideline values in Goodaloor

Goodaloor village has a total of 53 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value in this village is Rs 660 per sq.ft, positioning Green City above this median.

• Green Town: Rs 737 per sq.ft (2024)
• Golden Country (Ward -9): Rs 1,100 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 550 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 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Green City?

The Sub Registrar Office that covers Green City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Goodaloor. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value is typically considered when assessing the sale price of a property.

When a property is registered, the guideline value serves as a reference point for taxation purposes. This ensures that the government collects appropriate fees based on the established value of the property rather than arbitrary figures.

Frequently asked questions

What is the current guideline value of Green City?

The current guideline value of Green City is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Goodaloor?

The median guideline value in Goodaloor is Rs 660 per sq.ft. Green City is positioned above this median with its current value of Rs 825 per sq.ft.

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

For a property valued at Rs 8,25,000, the stamp duty is Rs 57,750 and the registration fee is Rs 16,500, totaling Rs 74,250. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Green City?

The Sub Registrar Office for Green City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.