Guideline Value for Green Acres Layout

Green Acres Layout guideline value

The current guideline value of Green Acres Layout in Maathoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Green Acres Layout has changed

The guideline value for Green Acres Layout has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value increased significantly to Rs 1,000 per sq.ft, reflecting a rise of 49% from the 2017 figure. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the guideline value history is limited to the revisions from 2012, 2017, 2023, and 2024.

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. The median value for these streets is Rs 500 per sq.ft, placing Green Acres Layout above this median.

• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acers III: Rs 2,687 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 Acres Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, while the registration fee is 2%, amounting to Rs 20,000. Therefore, the total cost for stamp duty and registration fees would be Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Green Acres Layout?

The Sub Registrar Office that covers Green Acres Layout is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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 during property registration in Maathoor. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the transaction is registered at a fair value.

When buying or selling property, it is essential to consult the guideline value to understand the financial implications. This value serves as a benchmark for property transactions, influencing the overall cost of registration.

Frequently asked questions

What is the current guideline value of Green Acres Layout?

The current guideline value of Green Acres Layout is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Green Acres Layout?

Green Acres Layout is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Green Acres Layout?

The Sub Registrar Office for Green Acres Layout is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Green Acres Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%, with an additional registration fee of Rs 20,000 at 2%.