Guideline Value for GREEN HILL AVENUE

Green Hill Avenue guideline value

The current guideline value for Green Hill Avenue in Kolathur village is Rs 850 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - II land.

How the guideline value of Green Hill Avenue has changed

In the 2012 revision, the guideline value for Green Hill Avenue was set at Rs 850 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 569 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 850 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirmed the guideline value at Rs 850 per sq.ft, resulting in no percentage change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 850 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median value is Rs 600 per sq.ft, placing Green Hill Avenue's 2024 figure above this median.

• Gomathi Amman Nagar Annex- I: Rs 600 per sq.ft (2024)
• Gomathi Amman Nagar Annex: Rs 600 per sq.ft (2024)
• Ganesh Gardens: Rs 800 per sq.ft (2024)
• Iniya Nagar: Rs 800 per sq.ft (2024)
• Friends Avenue: Rs 600 per sq.ft (2024)
• Jawhars Emerald Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green Hill Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, while the registration fee at 2% would be Rs 17,000, resulting in a total of Rs 76,500. 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 details.

Which Sub Registrar Office covers Green Hill Avenue?

The Sub Registrar Office that covers Green Hill Avenue is 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 more information.

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

The guideline value plays a crucial role during property registration in Kolathur. It is used to determine the stamp duty and registration fees applicable on the property transaction, ensuring that the value reflects the official rates set by the government.

When buying or selling property, both parties must be aware of the guideline value as it affects the overall cost of the transaction. It is essential for buyers to consider this value to understand the financial implications of their purchase.

Frequently asked questions

What is the current guideline value for Green Hill Avenue?

The current guideline value for Green Hill Avenue is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 850 per sq.ft since 2012, except for a decrease to Rs 569 per sq.ft in 2017. It then increased back to Rs 850 per sq.ft in the 2023 revision, which has been maintained in 2024.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur include Gomathi Amman Nagar Annex- I and Gomathi Amman Nagar Annex at Rs 600 per sq.ft, Ganesh Gardens and Iniya Nagar at Rs 800 per sq.ft, and Friends Avenue and Jawhars Emerald Garden at Rs 600 per sq.ft.

What is the stamp duty for property in Green Hill Avenue?

The stamp duty for property in Green Hill Avenue is 7% of the guideline value. For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500.

Where can I find the Sub Registrar Office for Green Hill Avenue?

The Sub Registrar Office for Green Hill Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.