Guideline Value for GREEN PARK

Green Park guideline value

The current guideline value of Green Park, located in Chinnakavanam 2 village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Green Park has changed

According to the guideline value register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Green Park. The 2023 revision also recorded the guideline value at Rs 100 per sq.ft, which remains the same in the 2024 revision, effective from 1 July 2024, showing a change of +0% from the previous year.

The 2024 revision confirms the guideline value at Rs 100 per sq.ft, consistent with the 2023 revision. This stability in the guideline value indicates a consistent valuation for this street over the last two revisions.

Guideline values in Chinnakavanam 2

In Chinnakavanam 2, there are six streets under the Ponneri SRO that carry a 2024 guideline value of Rs 100 per sq.ft. Green Park's 2024 figure aligns with the median value of Rs 100 per sq.ft for the area.

• Grand Avenue: Rs 100 per sq.ft (2024)
• Jansi Co- Operative Nagar: Rs 100 per sq.ft (2024)
• R.K. Nagar: Rs 100 per sq.ft (2024)
• Sai City: Rs 100 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Green Park

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is calculated at 7%, which totals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Together, the total charges would be Rs 9,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Green Park?

The Green Park area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Chinnakavanam 2

The guideline value plays a crucial role during the registration of property transactions in Chinnakavanam 2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is referred to for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Green Park?

The current guideline value of Green Park is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Green Park has remained at Rs 100 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Chinnakavanam 2?

Other streets in Chinnakavanam 2 under the Ponneri SRO include Grand Avenue, Jansi Co-Operative Nagar, R.K. Nagar, Sai City, and Sri Ganapathy Nagar, all with a guideline value of Rs 100 per sq.ft for 2024.

How is stamp duty calculated for properties in Green Park?

Stamp duty for properties in Green Park is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 7,000.

Where is the Sub Registrar Office for Green Park located?

The Sub Registrar Office covering Green Park is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions for the area.