Guideline Value for GREEN PARK AVENUE

Green Park Avenue guideline value

The current guideline value of Green Park Avenue in Keezhkathirpur village is Rs 220 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram 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 seen several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, which is an increase from the 2023 revision of Rs 200 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there have been no recorded guideline values for Green Park Avenue in the years mentioned. The only available figures are from the 2023 and 2024 revisions, highlighting the recent adjustments in the guideline value.

Guideline values in Keezhkathirpur

No specific village figures are provided for Keezhkathirpur. Green Park Avenue is the only street mentioned under the Kanchipuram Joint II SRO.

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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty is calculated at 7%, resulting in Rs 15,400, while the registration fee is 2%, amounting to Rs 4,400. Together, the total cost for stamp duty and registration fee is Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Park Avenue?

The Kanchipuram Joint II Sub Registrar Office covers Green Park Avenue, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Keezhkathirpur. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set by the government.

When a property is registered, the higher value between the guideline value and the sale price is considered for duty calculations. This ensures that the transaction reflects the appropriate value for taxation purposes, providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Green Park Avenue?

The current guideline value of Green Park Avenue is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, representing an increase of +10%.

What is the land classification of Green Park Avenue?

Green Park Avenue is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Kanchipuram Joint II SRO located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 19,800.