Guideline Value for GREEN GROVE JEYAM NAGAR ANNEX-V

Green Grove Jeyam Nagar Annex-V guideline value

The current guideline value of Green Grove Jeyam Nagar Annex-V is Rs 600 per sq.ft. This property is located in Kanchivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Green Grove Jeyam Nagar Annex-V has changed

The guideline value for Green Grove Jeyam Nagar Annex-V has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft again. The 2024 revision, effective from 1 July 2024, also maintains this value at Rs 600 per sq.ft, showing no change from the previous year.

Looking back further, the 2017 revision was a decrease of 33% from the 2012 figure. The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a total change of 0%.

Guideline values in Kanchivakkam

Kanchivakkam village has 23 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median of Rs 500 per sq.ft. The guideline value for Green Grove Jeyam Nagar Annex-V is above this median.

• Green Grove Jayam Nagar Anex-6: Rs 600 per sq.ft (2024)
• Green Grove Jayam Co-op Nagar Annex-3: Rs 600 per sq.ft (2024)
• Jalamma Nagar: Rs 400 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 600 per sq.ft (2024)
• Jayalakshmi Nagar Extention: Rs 600 per sq.ft (2024)
• Kannan Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green Grove Jeyam Nagar Annex-V

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Green Grove Jeyam Nagar Annex-V?

The Green Grove Jeyam Nagar Annex-V is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

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

Frequently asked questions

What is the current guideline value of Green Grove Jeyam Nagar Annex-V?

The current guideline value of Green Grove Jeyam Nagar Annex-V is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 600 per sq.ft since 2012, with significant changes noted between 2017 and 2023, where it increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft.

What is the land classification of Green Grove Jeyam Nagar Annex-V?

Green Grove Jeyam Nagar Annex-V is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for this area?

The registration office covering Green Grove Jeyam Nagar Annex-V is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are based on the higher of the guideline value or the sale price of the property.