Guideline Value

Corporate

Guideline Value for Green Field

₹400/sq.ft.

The guideline value for Green Field in Kilay village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kilay

Village

Sriperumpudur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Green Field guideline value

The current guideline value of Green Field, located in Kilay village under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Green Field has changed

The guideline value for Green Field has undergone several revisions over the years. In 2007, the guideline value was set at Rs 150 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this value remained unchanged until the next revision in 2017, where it was adjusted to Rs 268 per sq.ft. The 2023 revision maintained the value at Rs 400 per sq.ft, and the upcoming 2024 revision also keeps it at Rs 400 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%. The transition from 2012 to 2017 marked a decrease of 33%. The substantial rise from 2007 to 2012 was 167%. Overall, from 2007 to 2024, the guideline value has increased by 167%.

Guideline values in Kilay

In Kilay, there are 31 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Green Field's 2024 guideline value above this median.

Stamp duty and registration fee for property in Green Field

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. The duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Field?

The Green Field 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilay. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated accurately based on the property's value.

When a property is registered, the guideline value helps in assessing the minimum value at which the property can be sold. This means that the sale price cannot be lower than the guideline value, ensuring a standard valuation across transactions.

Frequently asked questions

What is the current guideline value of Green Field?

The current guideline value of Green Field is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, with significant changes from Rs 150 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, remaining unchanged until 2024.

What is the median guideline value for streets in Kilay?

The median guideline value for the 31 streets in Kilay is Rs 300 per sq.ft, with Green Field's value being above this median.

What are the stamp duty rates for properties in Green Field?

The stamp duty for properties in Green Field is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Green Field?

The Sriperumpudur Sub Registrar Office handles registrations for Green Field, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.