Guideline Value for GREEN PARK PHASE - II

Green Park Phase - II guideline value

The current guideline value of Green Park Phase - II is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class III Type - IV.

How the guideline value of Green Park Phase - II has changed

In the 2017 revision, the guideline value for Green Park Phase - II was Rs 804 per sq.ft. This figure remained unchanged through to the 2023 revision, where it was still Rs 804 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 880 per sq.ft, marking a 9% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Green Park Phase - II's 2024 figure of Rs 880 per sq.ft is above this median.

• Green Park Phase I: Rs 660 per sq.ft (2024)
• Green Park Phase III: Rs 1,320 per sq.ft (2024)
• Green Villa Phase - I: Rs 660 per sq.ft (2024)
• Green Villas: Rs 750 per sq.ft (2024)
• Greeen Villa Phase II: Rs 660 per sq.ft (2024)
• Harijan 1st St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Green Park Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 Phase - II?

The Sub Registrar Office that covers Green Park Phase - II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are conducted at a fair price as determined by the government. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Green Park Phase - II?

The current guideline value for Green Park Phase - II is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Green Park Phase - II has changed from Rs 804 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting a 9% increase. It remained unchanged at Rs 804 per sq.ft from 2017 to 2023.

What is the land classification for Green Park Phase - II?

Green Park Phase - II is classified as Residential Class III Type - IV under the current guidelines.

Where can I find the registration office for Green Park Phase - II?

The registration office for Green Park Phase - II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 880 per sq.ft, the total fees would be Rs 79,200.