Guideline Value for GREEN VALLEY

Green Valley guideline value

The current guideline value of Green Valley, located in Sengadu village under the Sriperumpudur SRO, is Rs 250 per sq.ft as per the 2024 revision. This area is classified as Residential Special Type - I.

How the guideline value of Green Valley has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure was revised to Rs 250 per sq.ft in 2023, marking a 50% increase. The 2024 revision maintained the same guideline value of Rs 250 per sq.ft, resulting in no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The current figure is consistent with the 2023 revision, indicating stability in the guideline value over the past year.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Green Valley's guideline value above this median.

• High School Street: Rs 200 per sq.ft (2024)
• G.K.R Nagar: Rs 150 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• Cross Street: Rs 150 per sq.ft (2024)
• Colony Cross Street: Rs 101 per sq.ft (2024)
• Karpaga Vinayaga Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Green Valley

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Green Valley?

The Sub Registrar Office that covers Green Valley is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sengadu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Green Valley?

The current guideline value of Green Valley is Rs 250 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 167 per sq.ft to Rs 250 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Sengadu?

The median guideline value for the 24 streets in Sengadu is Rs 150 per sq.ft. Green Valley's guideline value of Rs 250 per sq.ft is above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a total fee of Rs 22,500.

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

The Sub Registrar Office for Green Valley is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.