Guideline Value for GREEN VILLAS

Green Villas guideline value

The current guideline value of Green Villas, located in Thiruninravur-A village under the Avadi SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - III land classification.

How the guideline value of Green Villas has changed

The guideline value for Green Villas has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 700 per sq.ft, which was then increased to Rs 750 per sq.ft in the 2024 revision, marking a change of +7%.

In summary, the current guideline value reflects an increase from the previous year, aligning with the median value of Rs 750 per sq.ft for other streets in Thiruninravur-A under the Avadi SRO.

Guideline values in Thiruninravur-A

Thiruninravur-A has a total of 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is the same as the current guideline value for Green Villas.

• Green Villa Phase - I: Rs 660 per sq.ft (2024)
• Green Park Phase III: Rs 1,320 per sq.ft (2024)
• Green Park Phase - II: Rs 880 per sq.ft (2024)
• Green Park Phase I: Rs 660 per sq.ft (2024)
• Greeen Villa Phase II: Rs 660 per sq.ft (2024)
• Harijan 1st St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Green Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Villas?

The Green Villas area is covered by 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-A

The guideline value is a crucial factor during property transactions in Thiruninravur-A. It helps determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

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

Frequently asked questions

What is the current guideline value for Green Villas?

The current guideline value for Green Villas is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Green Villas has been revised a few times, with the most recent increase from Rs 700 per sq.ft in 2023 to Rs 750 per sq.ft in 2024, reflecting a +7% change.

What are the other streets in Thiruninravur-A with guideline values?

Other streets in Thiruninravur-A include Green Villa Phase - I at Rs 660 per sq.ft, Green Park Phase III at Rs 1,320 per sq.ft, and several others, with values ranging from Rs 440 to Rs 2,750 per sq.ft.

How is stamp duty calculated for properties in Green Villas?

Stamp duty for properties in Green Villas is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 750 per sq.ft would incur a stamp duty of Rs 52,500.

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

The Sub Registrar Office covering Green Villas is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.