Guideline Value for GREEN HABITATS

Green Habitats guideline value

The current guideline value of Green Habitats in Senthamangalam village, under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of Green Habitats has changed

Over the years, the guideline value for Green Habitats has seen several revisions. The most recent revision in 2024 maintains the value at Rs 1,000 per sq.ft, which is unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 1,000 per sq.ft, indicating a decrease of 33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 1,000 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. It is important to note that the revisions provide a historical context for the changes in guideline value, reflecting the adjustments made over the years.

Guideline values in Senthamangalam

Currently, there are no specific village figures available for Senthamangalam. Green Habitats is situated within this village, which is under the jurisdiction of the Chengleput Joint II SRO.

Stamp duty and registration fee for property in Green Habitats

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, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Therefore, the total cost for stamp duty and registration would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Habitats?

The Green Habitats property is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Senthamangalam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations during the registration process. Ensuring compliance with the guideline value helps facilitate a smooth transaction and avoids any legal complications.

Frequently asked questions

What is the current guideline value of Green Habitats?

The current guideline value of Green Habitats is Rs 1,000 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 being Rs 1,000 per sq.ft in 2024, unchanged from 2023. From 2017 to 2023, there was a 49% increase, while the value decreased by 33% from 2012 to 2017.

What is the land classification for Green Habitats?

Green Habitats is classified as Residential Special Type - I, which indicates the intended use of the land for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Green Habitats?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 70,000.