Guideline Value for GREEN VALLEY NAGAR

Green Valley Nagar guideline value

The current guideline value of Green Valley Nagar in Peramanoor village is Rs 990 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Green Valley Nagar has changed

The guideline value for Green Valley Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 900 per sq.ft. In 2017, the guideline value decreased to Rs 603 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 990 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for Green Valley Nagar in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

Within Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Green Valley Nagar's current guideline value is below this median.

• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Gundalakesi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Gopolapuram (Sa): Rs 550 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Green Valley Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800. Therefore, the total cost for stamp duty and registration fees would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Valley Nagar?

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

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

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it can affect the overall costs involved. Buyers and sellers must ensure that the property is valued appropriately to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Green Valley Nagar?

The current guideline value of Green Valley Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Green Valley Nagar?

Green Valley Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Green Valley Nagar?

The Sub Registrar Office for Green Valley Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the stamp duty for property in Green Valley Nagar?

The stamp duty for property in Green Valley Nagar is calculated at 7% of the guideline value. For example, on a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.