Guideline Value for GREEN GARDEN

Green Garden guideline value

The current guideline value of Green Garden in Chinnivakkam village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office and is classified as Residential Special Type - II.

How the guideline value of Green Garden has changed

The guideline value register for Green Garden shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 250 per sq.ft.

Since there are no figures from previous revisions, it can be noted that there have been no changes in the guideline value for Green Garden prior to the 2024 revision.

Guideline values in Chinnivakkam

In Chinnivakkam, there are three streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 150 per sq.ft, making the guideline value of Green Garden above this median.

• Sri Gold Township Phase-III: Rs 150 per sq.ft (2024)
• Thangam Nagar: Rs 100 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Green Garden?

The Green Garden area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Green Garden?

The current guideline value of Green Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 250 per sq.ft.

What is the land classification for Green Garden?

Green Garden is classified as Residential Special Type - II, indicating its designation for residential purposes.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all registrations for properties in the Green Garden area.