Guideline Value for Green Areana

Green Areana guideline value

The current guideline value of Green Areana in Ulunthai village, under the Sunguvarchattram SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of Green Areana has changed

The guideline value for Green Areana has seen several revisions over the years. In 2012, the value was Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, by the 2023 revision, the value increased by 50% to Rs 150 per sq.ft. The current 2024 revision maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median being Rs 150 per sq.ft. Green Areana's 2024 guideline value aligns with this median.

• Green Medows: Rs 150 per sq.ft (2024)
• Gandhi Street: Rs 150 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Chennai Perambakkam salai: Rs 426 per sq.ft (2024)
• Beauty Gardens: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Green Areana

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 Areana?

The Green Areana area is covered by 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 information.

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

The guideline value plays a crucial role in property transactions in Ulunthai. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must consider this value to ensure compliance with legal requirements during property registration.

When registering a property, the guideline value is assessed to calculate the necessary fees. It is essential to understand that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Green Areana?

The current guideline value of Green Areana is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and remains at that figure in 2024.

What are the other streets in Ulunthai with their guideline values?

Other streets in Ulunthai include Green Medows, Gandhi Street, Colony Street, Chennai Perambakkam salai, Beauty Gardens, and Bajanai Kovil Street, with values ranging from Rs 150 to Rs 426 per sq.ft.

What fees are associated with buying property in Green Areana?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Green Areana is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.