Guideline Value for Green Areena

Green Areena guideline value

The current guideline value of Green Areena is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Mudhukoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Green Areena has changed

Over the years, the guideline value of Green Areena has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it again stood at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudhukoor

Mudhukoor village has a total of 29 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, aligning with the value for Green Areena.

• Indhira Nagar: Rs 250 per sq.ft (2024)
• Kamaraj Nagar: Rs 250 per sq.ft (2024)
• Kizhandai Vedhi: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 250 per sq.ft (2024)
• Beauty Green Orchards: Rs 200 per sq.ft (2024)
• Beauty Garden Resorts: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Green Areena

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Areena?

The Sub Registrar Office covering Green Areena 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudhukoor. It is used to determine the stamp duty and registration fees that are payable during the transaction, ensuring that these costs are calculated based on the officially recognized value of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true market standing of the property within the framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Green Areena?

The current guideline value of Green Areena is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Green Areena?

Green Areena is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Green Areena located?

The Sub Registrar Office for Green Areena is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.