Guideline Value for Green Field New Town

Green Field New Town guideline value

The current guideline value of Green Field New Town, located in Nemili_B village under the Sriperumpudur SRO, is Rs 600 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - I land classification.

How the guideline value of Green Field New Town has changed

The guideline value for Green Field New Town has remained consistent at Rs 600 per sq.ft since the 2023 revision. The 2024 revision also maintains this figure, reflecting no change from the previous year.

Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only recorded values are from 2023 and 2024.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Green Field New Town's 2024 figure above that median.

• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gnammal Nagar: Rs 300 per sq.ft (2024)
• Hasiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Green Field New Town

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers Green Field New Town?

The Sub Registrar Office covering Green Field New Town 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 Nemili_B

The guideline value is a critical factor during the registration of property transactions in Nemili_B. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the established guideline value or the actual sale price, whichever is higher.

When buying or selling property in this area, it is essential to be aware of the guideline value as it directly impacts the financial obligations associated with the transaction. Understanding this value can help buyers and sellers plan their budgets accordingly.

Frequently asked questions

What is the current guideline value of Green Field New Town?

The current guideline value of Green Field New Town is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Green Field New Town has remained at Rs 600 per sq.ft since the 2023 revision, with no changes noted between 2023 and 2024. There are no figures available for the years prior to 2023 in the register.

What are the other guideline values in Nemili_B?

In Nemili_B, the guideline values range from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which means Green Field New Town's value is above this median.

How is stamp duty calculated for properties in Green Field New Town?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 42,000.

Where can I find the Sub Registrar Office for Green Field New Town?

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