Guideline Value for GREEN CITY

Green City guideline value

The current guideline value of Green City in Nelllikuppam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Special Type - III.

How the guideline value of Green City has changed

The guideline value for Green City has remained consistent at Rs 1,600 per sq.ft since the 2023 revision, which also had the same figure. Prior to that, there are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision shows no change from the 2023 revision, with an increase of 0%. The guideline value has been stable at Rs 1,600 per sq.ft for the last two revisions.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO, with guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Green City's 2024 figure above this median.

• Harani City: Rs 1,000 per sq.ft (2024)
• Harini City's The Palace: Rs 804 per sq.ft (2024)
• Harini City's - The Palace Phase II: Rs 804 per sq.ft (2024)
• Eswaran Nagar: Rs 500 per sq.ft (2024)
• Elite Grand City Phase VI: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase V: Rs 1,000 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Green City?

The Sub Registrar Office that covers Green City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered alongside the sale price to ensure that the appropriate taxes are calculated. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Green City?

The current guideline value for Green City is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,600 per sq.ft since the 2023 revision, showing no change from the previous year. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Green City?

Green City is classified as Mixed Special Type - III, which influences its guideline value and property usage.

How is the stamp duty calculated for properties in Green City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Where is the Sub Registrar Office for Green City located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, and it serves the Green City area.