Guideline Value for GREEN VILLA PHASE-1

Green Villa Phase-1 guideline value

The current guideline value of Green Villa Phase-1 is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Green Villa Phase-1 has changed

The guideline value register has no figures for Green Villa Phase-1 for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 990 per sq.ft.

Since there are no previous figures listed for this street, there are no changes to report between revisions. The 2024 guideline value stands alone as the first recorded value for Green Villa Phase-1.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Green Villa Phase-1's 2024 figure of Rs 990 per sq.ft is above this median.

• Green Park Phase III: Rs 880 per sq.ft (2024)
• Green Park Phase - II: Rs 1,320 per sq.ft (2024)
• Harijan 1st St: Rs 440 per sq.ft (2024)
• Harijan 2nd Street: Rs 440 per sq.ft (2024)
• Harijan Colony Gangaiyamman Koil St: Rs 440 per sq.ft (2024)
• Harijan Colony Joint Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Green Villa Phase-1

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 be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Green Villa Phase-1?

The Sub Registrar Office that covers Green Villa Phase-1 is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to determine the legal obligations for both the buyer and seller. It ensures transparency in property transactions and helps maintain a consistent framework for property valuation across the region.

Frequently asked questions

What is the current guideline value of Green Villa Phase-1?

The current guideline value of Green Villa Phase-1 is Rs 990 per sq.ft, effective from 1 July 2024.

What is the land classification of Green Villa Phase-1?

Green Villa Phase-1 is classified as Residential Class I Type - IV, indicating its designation for residential development.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that must be paid when buying or selling property. It serves as a standardized value for these calculations.

Where can I find the Sub Registrar Office for Green Villa Phase-1?

The Sub Registrar Office for Green Villa Phase-1 is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

Are there any previous guideline values for Green Villa Phase-1?

The guideline value register has no figures for Green Villa Phase-1 for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.