Guideline Value for GREEN PARK PHASE I

Green Park Phase I guideline value

The current guideline value of Green Park Phase I is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Green Park Phase I has changed

According to the guideline value register, the revisions for Green Park Phase I have been recorded for the years 2023 and 2024. In the 2023 revision, the guideline value was Rs 603 per sq.ft, and it increased by 9% to Rs 660 per sq.ft in the 2024 revision.

The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Thus, only the 2023 and 2024 revisions are available for reference.

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, indicating that Green Park Phase I's current guideline value is below this median.

• Green Park Phase - II: Rs 880 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)
• 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 I

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Park Phase I?

The Sub Registrar Office that covers Green Park Phase I 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 in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is used to assess the fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

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

The current guideline value of Green Park Phase I is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 9% increase.

What are the other streets in Thiruninravur-A with their guideline values?

Other streets in Thiruninravur-A include Green Park Phase - II at Rs 880 per sq.ft, Green Park Phase III at Rs 1,320 per sq.ft, and Green Villas at Rs 750 per sq.ft, among others.

What fees are associated with purchasing property in Green Park Phase I?

When purchasing property in Green Park Phase I, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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