Guideline Value for GREEN PARK PHASE III

Green Park Phase III guideline value

The current guideline value of Green Park Phase III is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Green Park Phase III has changed

The guideline value for Green Park Phase III has seen significant changes over the years. In the 2017 revision, the value was set at Rs 804 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 1,320 per sq.ft, marking a change of +64% from the previous figure.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only revisions available are from 2017 and 2024.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, and Green Park Phase III's 2024 figure is above that median.

• Green Park Phase - II: Rs 880 per sq.ft (2024)
• Green Park Phase I: Rs 660 per sq.ft (2024)
• Green Villa Phase - I: Rs 660 per sq.ft (2024)
• Green Villas: Rs 750 per sq.ft (2024)
• Green 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 III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Phase III?

The Sub Registrar Office that covers Green Park Phase III 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 critical factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is used by the registration office to calculate the applicable fees, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Green Park Phase III?

The current guideline value of Green Park Phase III is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing an increase of +64%.

Are there any years with no guideline value for Green Park Phase III?

Yes, the register has no figures for Green Park Phase III for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft, while Green Park Phase III is above this median at Rs 1,320 per sq.ft.

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

The Avadi Sub Registrar Office covers Green Park Phase III, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.