Guideline Value for GREEN GOLD LAY OUT

Green Gold Lay Out guideline value

The current guideline value of Green Gold Lay Out is Rs 626 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Green Gold Lay Out has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft in the 2023 revision. The 2024 revision has maintained this rate, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline values are primarily noted from 2012 to 2024, where the overall change is 0%.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the current guideline value of Green Gold Lay Out.

• Hai Mathaji Nagar: Rs 626 per sq.ft (2024)
• Indian Bank Colony: Rs 626 per sq.ft (2024)
• Indian Bank Nagar& Annex: Rs 626 per sq.ft (2024)
• Indira Gandhi Salai: Rs 626 per sq.ft (2024)
• Gangai Street: Rs 626 per sq.ft (2024)
• I.O.B. Colony: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Green Gold Lay Out

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, making the total charges Rs 56,340. It is important to note that 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 details.

Which Sub Registrar Office covers Green Gold Lay Out?

The Sub Registrar Office that covers Green Gold Lay Out is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green Gold Lay Out?

The current guideline value of Green Gold Lay Out is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent changes being a decrease from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, followed by an increase back to Rs 626 per sq.ft in 2023 and 2024.

What is the land classification for Green Gold Lay Out?

Green Gold Lay Out is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Green Gold Lay Out?

The Sub Registrar Office for Green Gold Lay Out is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at a rate of 7%.