Guideline Value for Green Avenue

Green Avenue guideline value

The current guideline value of Green Avenue in Salamangalam village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Green Avenue has changed

In the 2012 revision, the guideline value was set at Rs 550 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 368 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw the value return to Rs 550 per sq.ft, and it has remained at that level through the 2024 revision, which also lists the value at Rs 550 per sq.ft, resulting in a 0% change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 550 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Green Avenue's 2024 figure above that median.

• Green Avenue Extension: Rs 550 per sq.ft (2024)
• Green City: Rs 550 per sq.ft (2024)
• Green city Extension: Rs 550 per sq.ft (2024)
• Green City Extension -II: Rs 550 per sq.ft (2024)
• Green city Extension -III: Rs 550 per sq.ft (2024)
• Gokul Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Avenue?

The Sub Registrar Office that covers Green Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Salamangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value must be considered as it influences the financial obligations of both parties involved. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Green Avenue?

The current guideline value of Green Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft since 2012, with a drop to Rs 368 per sq.ft in 2017 and a return to Rs 550 per sq.ft in 2023 and 2024.

What is the land classification for Green Avenue?

Green Avenue is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the other streets in Salamangalam with similar guideline values?

Other streets in Salamangalam, such as Green Avenue Extension, Green City, and others, also have a guideline value of Rs 550 per sq.ft as of 2024.

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

The Sub Registrar Office for Green Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.