Guideline Value for GREEN PARK PHASE III

Green Park Phase III guideline value

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

How the guideline value of Green Park Phase III has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded 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, there has been a 9% increase in the guideline value.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the guideline value register.

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 guideline value in this area is Rs 770 per sq.ft, placing Green Park Phase III's 2024 figure above this median.

• Green Park Phase - II: Rs 1,320 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 III

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 be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that 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 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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the stamp duty payable. Buyers should be aware that the duty is applied to the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a 9% increase. There was no change recorded from 2017 to 2023.

What are the other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Green Park Phase - II, Green Villa Phase-1, and several streets in the Harijan Colony, each with their own guideline values for 2024.

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

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

How is the stamp duty calculated for properties in Green Park Phase III?

Stamp duty for properties in Green Park Phase III is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the total fees would amount to Rs 79,200, including stamp duty and registration fees.