Guideline Value for GREEN WOOD AVENUE

Green Wood Avenue guideline value

The current guideline value of Green Wood Avenue in Eesoor village is Rs 175 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Mixed Type - I land.

How the guideline value of Green Wood Avenue has changed

The guideline value for Green Wood Avenue has undergone several revisions over the years. The earliest recorded figure is Rs 175 per sq.ft in 2012. This was followed by a decrease to Rs 117 per sq.ft in the 2017 revision. The guideline value then increased by 50% to Rs 175 per sq.ft in 2023, and it remains the same in the 2024 revision, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the current 2024 figure, there has been no net change, as the value has returned to Rs 175 per sq.ft. The fluctuations in the guideline value illustrate the adjustments made over the years, with significant changes noted between the 2017 and 2023 revisions.

Guideline values in Eesoor

In Eesoor village, there are five streets under the Madurandakam SRO that have a 2024 guideline value, ranging from Rs 120 to Rs 250 per sq.ft. The median value for these streets is Rs 175 per sq.ft, which is the same as the guideline value for Green Wood Avenue.

• Nemichand Nagar: Rs 120 per sq.ft (2024)
• Om Sakthi Nagar: Rs 120 per sq.ft (2024)
• Sakthi Avenue: Rs 175 per sq.ft (2024)
• Sri Sathyasai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Green Wood Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees together to Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Wood Avenue?

The Sub Registrar Office that covers Green Wood Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Eesoor. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. This ensures that the transaction is recorded accurately and in compliance with local regulations.

When a property is sold, the guideline value is considered alongside the sale price to calculate the applicable duties. If the sale price is higher than the guideline value, the duty will be charged based on the sale price. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Green Wood Avenue?

The current guideline value of Green Wood Avenue is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then back to Rs 175 per sq.ft in 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007.

What are the other streets in Eesoor and their guideline values?

Other streets in Eesoor include Nemichand Nagar at Rs 120 per sq.ft, Om Sakthi Nagar at Rs 120 per sq.ft, Sakthi Avenue at Rs 175 per sq.ft, and Sri Sathyasai Nagar at Rs 250 per sq.ft.

How is the stamp duty calculated for properties in Green Wood Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property with a guideline value of Rs 1,75,000, the stamp duty at 7% would be Rs 12,250.

Where can I find the Sub Registrar Office for Green Wood Avenue?

The Sub Registrar Office for Green Wood Avenue is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find more information about it online.