Guideline Value for GREEN TOWN

Green Town guideline value

The current guideline value of Green Town, located in Goodaloor village under the Chengleput Joint II SRO, is Rs 737 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Green Town has changed

The guideline value for Green Town has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 670 per sq.ft, which increased by 10% to Rs 737 per sq.ft in the 2024 revision.

This change reflects the adjustments made to the property values over time, with the current figure being the highest recorded in the recent revisions. The 2024 revision marks a significant increase from the previous year's value.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Green Town's 2024 figure above that median.

• Green City: Rs 825 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Golden Country (Ward -9): Rs 1,100 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Green Town

For a 1,000 sq.ft plot at the current guideline value of Rs 737 per sq.ft, the total guideline value amounts to Rs 7,37,000. The stamp duty at 7% would be Rs 51,590, and the registration fee at 2% would be Rs 14,740, bringing the total fees to Rs 66,330. It is important to note that 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 Town?

The Sub Registrar Office that covers Green Town 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 Goodaloor

The guideline value is a crucial factor when registering property transactions in Goodaloor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of a property.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property, ensuring that the transaction is documented accurately in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Green Town?

The current guideline value of Green Town is Rs 737 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2023 to Rs 737 per sq.ft in 2024, marking a 10% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Green Town?

The land classification for Green Town is Residential Special Type - III. This classification is important for determining the applicable guidelines and regulations for property transactions.

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

For a property valued at Rs 7,37,000, the stamp duty would be Rs 51,590, and the registration fee would be Rs 14,740, totaling Rs 66,330. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Green Town located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Green Town.