Guideline Value for GREEN PARK PHASE - II

Green Park Phase - II guideline value

The current guideline value of Green Park Phase - II is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Special Type - II.

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

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a change of 49%. The most recent 2024 revision set the guideline value at Rs 1,320 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 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, placing Green Park Phase - II above this median.

• Green Park Phase III: Rs 880 per sq.ft (2024)
• Green Villa Phase-1: Rs 990 per sq.ft (2024)
• Harijan 1st St: Rs 440 per sq.ft (2024)
• Harijan 2nd Street: Rs 440 per sq.ft (2024)
• Harijan Colony Gangaiyamman Koil St: Rs 440 per sq.ft (2024)
• Harijan Colony Joint Road: Rs 770 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees Rs 1,18,800. 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 further calculations.

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 details.

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

The guideline value is a crucial factor in property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Green Park Phase - II is Rs 1,320 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 804 per sq.ft to Rs 1,320 per sq.ft, marking an overall increase of 64% by 2024.

What is the stamp duty rate for properties in Green Park Phase - II?

The stamp duty rate for properties in Green Park Phase - II is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Green Park Phase - II?

The Sub Registrar 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.

What are the guideline values of other streets in Thiruninravur-B?

Other streets in Thiruninravur-B have varying guideline values. For example, Green Park Phase III is Rs 880 per sq.ft, Green Villa Phase-1 is Rs 990 per sq.ft, and several streets in Harijan Colony are Rs 440 per sq.ft.