Guideline Value for GREEN PARK AVENUE

Green Park Avenue guideline value

The current guideline value of Green Park Avenue is Rs 165 per sq.ft, effective from 1 July 2024. This street is located in Nayar village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Green Park Avenue has changed

The guideline value for Green Park Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This figure increased to Rs 150 per sq.ft in the 2023 revision, marking a substantial rise of 124%. The latest revision in 2024 has further increased the guideline value to Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 146%. It is important to note that there are no figures available for Green Park Avenue in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Nayar

In Nayar village, there are eight streets under the Ponneri SRO that carry a guideline value of Rs 165 per sq.ft for 2024, with the median also being Rs 165 per sq.ft. Green Park Avenue's 2024 figure aligns perfectly with this median.

• Deepam Avenue: Rs 165 per sq.ft (2024)
• Bharathi Nagar Garden: Rs 165 per sq.ft (2024)
• Bharathi Nagar: Rs 165 per sq.ft (2024)
• Anjeneyar Nagar: Rs 165 per sq.ft (2024)
• Sabharis Garden -I: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Green Park Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total fees to Rs 14,850. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Park Avenue?

The Sub Registrar Office that covers Green Park Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nayar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is considered for calculating the stamp duty and registration fees. This means that buyers and sellers must be aware of the current guideline value to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Green Park Avenue?

The current guideline value of Green Park Avenue is Rs 165 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 165 per sq.ft in 2024, marking an overall increase of 146%.

What is the stamp duty rate for property in Green Park Avenue?

The stamp duty rate for property in Green Park Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there any years without guideline value figures for Green Park Avenue?

Yes, the register has no figures for Green Park Avenue for the years 2002, 2003, 2007, and 2012.