Guideline Value for GREEN GARDEN

Green Garden guideline value

The current guideline value of Green Garden in Arani village, under the Arani_Tiruvallur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class IV Type - I land classification.

How the guideline value of Green Garden has changed

The guideline value for Green Garden has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This value increased significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 49% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2023 and 2024 revisions, there was no change in the guideline value, remaining at Rs 200 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 49%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Green Garden's 2024 figure below this median.

• Hariprasad Nagar: Rs 300 per sq.ft (2024)
• High Road towards Puduvoyal { Upto Ananda Theatre }: Rs 400 per sq.ft (2024)
• Gokulam Avenue: Rs 335 per sq.ft (2024)
• Gattu Street: Rs 300 per sq.ft (2024)
• Gattu Namasivayam Street: Rs 500 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Garden?

The Green Garden area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Arani. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Green Garden?

The current guideline value of Green Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall.

What is the median guideline value for streets in Arani?

The median guideline value for the 51 streets in Arani is Rs 300 per sq.ft, with Green Garden's value being below this median.

What fees are associated with buying property in Green Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000, which incurs a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Green Garden located?

The Sub Registrar Office covering Green Garden is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone.