Guideline Value for Green City

Green City guideline value

The current guideline value of Green City, located in Salamangalam village under the Sriperumpudur SRO, is Rs 550 per sq.ft, effective from the 2024 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Green City has changed

The guideline value of Green City has experienced various changes over the years. In the 2012 revision, the guideline value was Rs 550 per sq.ft, which remained unchanged in the 2017 revision. However, prior to 2012, the 2017 revision saw a significant increase to Rs 368 per sq.ft. The 2023 revision maintained the value at Rs 550 per sq.ft, and the 2024 revision also holds the same value of Rs 550 per sq.ft, indicating no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft, with a median value of Rs 500 per sq.ft. Green City’s guideline value of Rs 550 per sq.ft is above this median.

• Green Avenue Extension: Rs 550 per sq.ft (2024)
• Green city Extension: Rs 550 per sq.ft (2024)
• Green Avenue: 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 City

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green City?

The Green City area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Salamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value may influence the overall cost of the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Green City?

The current guideline value of Green City is Rs 550 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft since 2012, with a previous value of Rs 368 per sq.ft in 2017. There were no figures for the years 2002, 2003, and 2007.

What is the land classification for Green City?

The land classification for Green City is Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the Sriperumpudur Sub Registrar Office?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Green City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.