Guideline Value for GREEN PEACE

Green Peace guideline value

The current guideline value of Green Peace in Naalur village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Green Peace has changed

The guideline value for Green Peace has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then changed to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 11%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been a 33% increase in the guideline value.

Guideline values in Naalur

In Naalur village, 23 streets under the Ponneri SRO have a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Green Peace's 2024 figure matches this median value.

• Indhuja Nagar: Rs 500 per sq.ft (2024)
• Jain Nagar: Rs 500 per sq.ft (2024)
• Kesavapuram: Rs 400 per sq.ft (2024)
• Bharathi Nagar: Rs 400 per sq.ft (2024)
• M G M Anandha Nagar: Rs 400 per sq.ft (2024)
• Annai Abirami Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Green Peace

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Peace?

The Green Peace area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Green Peace?

The current guideline value of Green Peace is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Naalur?

Other streets in Naalur have guideline values ranging from Rs 400 to Rs 600 per sq.ft, with Green Peace's value matching the median of Rs 400 per sq.ft.

What are the stamp duty and registration fees for a property in Green Peace?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at Rs 400 per sq.ft, the total cost would be Rs 36,000.

Which office handles registrations for Green Peace?

The Ponneri Sub Registrar Office handles registrations for Green Peace, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.