Guideline Value for GREEN CITY

Green City guideline value

The current guideline value of Green City, located in Sethupattu village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Green City has changed

The guideline value for Green City has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 1,400 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2024 revision, marking a change of +7%.

The 2024 revision reflects a significant increase compared to the previous year. The guideline value for 2023 was Rs 1,400 per sq.ft, and the latest figure of Rs 1,500 per sq.ft positions it above the median value of Rs 300 per sq.ft for the 23 streets in Sethupattu under the Sriperumpudur SRO.

Guideline values in Sethupattu

In Sethupattu, the guideline values vary across different streets. The 2024 figures range from Rs 150 to Rs 1,500 per sq.ft, with Green City being above the median value of Rs 300 per sq.ft. Below are the guideline values for other streets in Sethupattu:

• Highway Avenue: Rs 200 per sq.ft (2024)
• Dr.Abdul kalam nagar: Rs 200 per sq.ft (2024)
• Bungalow street: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-I) (EDEN GARDEN): Rs 1,300 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-II) in Eden Garden: Rs 1,300 per sq.ft (2024)
• Anna Nagar -II: 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the 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 based on your specific property details.

Which Sub Registrar Office covers Green City?

The Sub Registrar Office that covers Green City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sethupattu. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with the state's regulations. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Green City?

The current guideline value of Green City is Rs 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,500 per sq.ft in 2024, marking an increase of +7%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Sethupattu?

Other streets in Sethupattu have varying guideline values, ranging from Rs 150 to Rs 1,500 per sq.ft. For example, Highway Avenue and Dr.Abdul kalam nagar are both valued at Rs 200 per sq.ft in 2024.

What fees are involved when buying property in Green City?

When buying property in Green City, you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 1,35,000 in fees.

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

The Sub Registrar Office for Green City is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant online resources.