Guideline Value for Green City Phase - I, II, III, IV, V

Green City Phase - I, II, III, IV, V guideline value

The current guideline value for Green City Phase - I, II, III, IV, V is Rs 650 per sq.ft. This property is located in Ozhalur village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Green City Phase - I, II, III, IV, V has changed

According to the register, there are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value remained unchanged at Rs 650 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 650 per sq.ft, which is consistent with the previous year's figure. This stability reflects the current valuation for this property segment.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 250 to Rs 672 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Green City Phase - I, II, III, IV, V is above this median.

• Green city: Rs 672 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 650 per sq.ft (2024)
• Metro Garden Phase-I To IV: Rs 300 per sq.ft (2024)
• Muthu Nagar: Rs 250 per sq.ft (2024)
• Sakthi Ganesh Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Green City Phase - I, II, III, IV, V

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. 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 details.

Which Sub Registrar Office covers Green City Phase - I, II, III, IV, V?

The Sub Registrar Office that covers Green City Phase - I, II, III, IV, V is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO online for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ozhalur. It determines the amount of stamp duty and registration fees payable, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Green City Phase - I, II, III, IV, V?

The current guideline value for Green City Phase - I, II, III, IV, V is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 650 per sq.ft from 2023 to 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 58,500, which includes Rs 45,500 for stamp duty and Rs 13,000 for registration fees.

Which office handles property registrations for Green City?

The Chengleput Joint I Sub Registrar Office handles property registrations for Green City Phase - I, II, III, IV, V, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to ensure accurate financial planning during registration.