Guideline Value for GREEN GARDEN

Green Garden guideline value

The current guideline value of Green Garden is Rs 1,000 per sq.ft. This property is located in Edayanchavadi village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Green Garden has changed

The guideline value for Green Garden has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. The subsequent revisions show significant changes, with the 2023 and 2024 revisions both set at Rs 1,000 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 398%. The overall change from 2017 to 2024 also reflects a 398% increase, as the value remained constant at Rs 1,000 per sq.ft from 2023 to 2024.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value for Green Garden is below this median.

• Gangaiyamman Nagar: Rs 1,001 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 1,001 per sq.ft (2024)
• Bazar Street: Rs 1,002 per sq.ft (2024)
• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 1,001 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Garden?

The Green Garden property falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Edayanchavadi. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green Garden?

The current guideline value of Green Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, reflecting a total increase of 398% over this period.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers the area of Green Garden?

The Thiruvottiyur Sub Registrar Office covers the area of Green Garden, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Edayanchavadi?

The median guideline value for streets in Edayanchavadi is Rs 1,001 per sq.ft, with Green Garden's value being below this median.