Guideline Value for Green Farm House & Resorts

Green Farm House & Resorts guideline value

The current guideline value of Green Farm House & Resorts is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Athivakkam village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Green Farm House & Resorts has changed

The guideline value for Green Farm House & Resorts has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 200 per sq.ft. In the 2017 revision, this value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, the subsequent revisions saw an increase, with the 2023 revision returning to Rs 200 per sq.ft, and the 2024 revision maintaining this figure at Rs 200 per sq.ft, showing no change.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft, indicating stability in this period.

Guideline values in Athivakkam

Athivakkam has five streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft. The guideline value for Green Farm House & Resorts is above the median value of Rs 150 per sq.ft for this area.

• EriKarai Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Pallvadi Street: Rs 150 per sq.ft (2024)
• Perumal Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Green Farm House & Resorts

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, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Green Farm House & Resorts?

The Green Farm House & Resorts is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Athivakkam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure accurate fee calculations. This helps in avoiding any discrepancies during the registration process, ensuring a smooth transaction.

Frequently asked questions

What is the current guideline value for Green Farm House & Resorts?

The current guideline value for Green Farm House & Resorts is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. The value was Rs 134 per sq.ft in 2017, which increased to Rs 200 per sq.ft in 2023.

What are the other streets in Athivakkam and their guideline values?

Other streets in Athivakkam include EriKarai Street, Mettu Street, Pallvadi Street, and Perumal Kovil Street, all with a guideline value of Rs 150 per sq.ft in 2024.

What is the stamp duty for a property in Green Farm House & Resorts?

The stamp duty for a property in Green Farm House & Resorts is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 14,000 based on the current guideline value.

Which Sub Registrar Office should I approach for registration?

The Sunguvarchattram Sub Registrar Office covers Green Farm House & Resorts. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.