Guideline Value for GREEN HILLS VALLEY

Green Hills Valley guideline value

The current guideline value of Green Hills Valley, located in Kandular village, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Green Hills Valley has changed

Over the years, the guideline value of Green Hills Valley has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 125 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 380% rise. However, it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value then remained stable at Rs 600 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 380% in the guideline value per sq.ft.

Guideline values in Kandular

Kandular village has a total of 20 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 650 per sq.ft, with a median value of Rs 600 per sq.ft. Green Hills Valley's 2024 figure aligns with this median.

• Chennai Govt Officers Co-Op Building Society: Rs 600 per sq.ft (2024)
• Mullai Avenue: Rs 600 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Rangayam Karupar Avenue: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - I: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase-II&iii: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green Hills Valley

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Hills Valley?

The Sub Registrar Office that covers Green Hills Valley 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 details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kandular. It serves as a benchmark for determining the stamp duty and registration fees required during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Green Hills Valley?

The current guideline value of Green Hills Valley is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 125 per sq.ft in 2007, rising to Rs 600 per sq.ft in 2012, and remaining stable at Rs 600 per sq.ft from 2023 to 2024.

What is the land classification for Green Hills Valley?

Green Hills Valley is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the total guideline value is Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000 for these fees.

Where is the Sub Registrar Office located for Green Hills Valley?

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