Guideline Value for Green Acers III

Green Acers III guideline value

The current guideline value of Green Acers III is Rs 2,687 per sq.ft, effective from 1 July 2024. This property is located in Maathoor village under the Sunguvarchattram SRO, classified as Mixed Type - I land.

How the guideline value of Green Acers III has changed

In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 2,687 per sq.ft. The 2024 revision has kept the guideline value at Rs 2,687 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same rate from 2023 to 2024 of 0%.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Green Acers III is above this median.

• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres Layout: Rs 1,000 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)
• Gandhiji Street: Rs 500 per sq.ft (2024)
• Four Greens: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Green Acers III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty at 7% would be Rs 1,88,090, and the registration fee at 2% would be Rs 53,740, bringing the total fees together to Rs 2,41,830. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Green Acers III?

The Sub Registrar Office covering Green Acers III is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Green Acers III?

The current guideline value of Green Acers III is Rs 2,687 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,687 per sq.ft from 2023 to 2024, with a 49% increase from Rs 1,800 per sq.ft in 2017 to the current rate. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Green Acers III?

Green Acers III is classified as Mixed Type - I land. This classification can affect the usage and development potential of the property.

What are the stamp duty and registration fees for a property in Green Acers III?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 26,87,000. The stamp duty would be Rs 1,88,090, and the registration fee would be Rs 53,740, totaling Rs 2,41,830.

Which Sub Registrar Office covers the registration for Green Acers III?

The registration for Green Acers III is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.