Guideline Value for GREEN CITY

Green City guideline value

The current guideline value for Green City, located in Mamandoor village, is Rs 400 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class I Type - I land classification. The Chengleput Joint II SRO oversees this area.

How the guideline value of Green City has changed

Over the years, the guideline value for Green City has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was previously Rs 268 per sq.ft, marking a significant increase of 49% to reach Rs 400 per sq.ft in 2023. The 2024 revision maintains this figure at Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the most recent revisions reflect the values from 2012, 2017, 2023, and 2024, with the overall change from 2012 to 2024 being 0%.

Guideline values in Mamandoor

Mamandoor village has 41 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft. The median value for these streets is Rs 500 per sq.ft, making Green City's 2024 figure of Rs 400 per sq.ft below that median.

• Gracy Garden: Rs 500 per sq.ft (2024)
• G.S.T Brithavanam Co-Op Nagar: Rs 800 per sq.ft (2024)
• Iyappan Nagar: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 800 per sq.ft (2024)
• Express Avenue: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -VI: Rs 400 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Mamandoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from these transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations, making it an essential aspect of property transactions in the area.

Frequently asked questions

What is the current guideline value for Green City?

The current guideline value for Green City is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the median guideline value for streets in Mamandoor?

The median guideline value for streets in Mamandoor is Rs 500 per sq.ft, with Green City's value of Rs 400 per sq.ft being below this median.

What are the stamp duty rates for property in Green City?

The stamp duty for property transactions in Green City is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Green City located?

The Chengleput Joint II Sub Registrar Office for Green City is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.