Guideline Value for Green Farms

Green Farms guideline value

The current guideline value of Green Farms, located in Kanthoor village under the Sunguvarchattram SRO, is Rs 181 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Green Farms has changed

The guideline value of Green Farms has seen several revisions over the years. In the 2012 revision, the value was Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, stabilizing at Rs 181 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value is Rs 181 per sq.ft, making the guideline value for Green Farms equal to this median.

• Green Port Avenue: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)
• Irular Street: Rs 150 per sq.ft (2024)
• Jabamalai Nagar Viriu: Rs 250 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Green Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, leading to a total of Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Farms?

The Sub Registrar Office covering Green Farms 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 Kanthoor

When buying or selling property in Kanthoor, the guideline value is a critical factor in determining the stamp duty and registration fees. This value is set by the government and is used to calculate the taxes applicable during the registration process.

It is essential to be aware that the guideline value may differ from the actual sale price, and the stamp duty is charged on whichever amount is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green Farms?

The current guideline value of Green Farms is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 181 per sq.ft from 2023 to 2024. It was Rs 121 per sq.ft in 2017 and Rs 180 per sq.ft in 2012, demonstrating a fluctuation in value over the years.

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

Other streets in Kanthoor have varying guideline values, ranging from Rs 150 to Rs 250 per sq.ft. For example, Green Port Avenue is valued at Rs 200 per sq.ft, while Ganesh Nagar is at Rs 250 per sq.ft.

What fees are associated with buying property in Green Farms?

When purchasing property in Green Farms, the buyer must pay stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Green Farms is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more details online.