Guideline Value for GREEN SPOT

Green Spot guideline value

The current guideline value of Green Spot, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Green Spot has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision also recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

The current guideline value of Rs 1,000 per sq.ft was established in the 2024 revision, which is consistent with the 2023 revision. This stability suggests that the guideline value for Green Spot has not fluctuated over the past two years.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing Green Spot's 2024 figure above this median.

• Green Peace Mountain Stream Enclave: Rs 350 per sq.ft (2024)
• Harijan Nagar: Rs 500 per sq.ft (2024)
• Harikaran Nagar: Rs 800 per sq.ft (2024)
• Hill View Enclave: Rs 800 per sq.ft (2024)
• Iniyan Nagar: Rs 1,000 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Green Spot

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Spot?

The Sub Registrar Office that covers Green Spot is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in property transactions in Athur B Block, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline and the actual sale price.

Frequently asked questions

What is the current guideline value of Green Spot?

The current guideline value of Green Spot is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Green Spot from 2023 to 2024, as both years recorded a value of Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft. Green Spot's guideline value of Rs 1,000 per sq.ft is above this median.

What are the stamp duty and registration fees for properties in Green Spot?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Green Spot?

The Chengleput Joint II Sub Registrar Office handles property registrations for Green Spot. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.