Guideline Value for GREEN PARK AVENUE

Green Park Avenue guideline value

The current guideline value of Green Park Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Maiyur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Green Park Avenue has changed

The guideline value for Green Park Avenue has undergone several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value saw a significant increase of 49%. The overall change from 2007 to 2024 reflects a total increase of 129%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Maiyur

In Maiyur, there are 28 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 700 per sq.ft. The median value is Rs 400 per sq.ft, and Green Park Avenue's 2024 figure is equal to that median.

• Green City: Rs 400 per sq.ft (2024)
• Golden Palar Gardens: Rs 400 per sq.ft (2024)
• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)
• Indirangandhi Town: Rs 700 per sq.ft (2024)
• Karunai Nagar: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, these fees total Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. 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 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 Maiyur

The guideline value is a crucial factor when registering property transactions in Maiyur. It serves as a reference for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Green Park Avenue?

The current guideline value of Green Park Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in 2023 and 2024, while it was Rs 268 per sq.ft in 2017, Rs 400 per sq.ft in 2012, and Rs 175 per sq.ft in 2007.

What are the other streets in Maiyur with similar guideline values?

Other streets in Maiyur with a guideline value of Rs 400 per sq.ft include Green City, Golden Palar Gardens, Hariyagrivar Nagar, Karunai Nagar, and Krishna Nagar.

What fees are associated with buying property in Green Park Avenue?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Green Park Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.