Guideline Value for Green Garden-I,II,III,IV

Green Garden-I,II,III,IV guideline value

The current guideline value for Green Garden-I,II,III,IV in Kavanur village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Green Garden-I,II,III,IV has changed

The guideline value for Green Garden-I,II,III,IV has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 145 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 452% rise. However, between 2012 and 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose again to Rs 800 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 452%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 500 to Rs 2,239 per sq.ft. The median value for this area is Rs 800 per sq.ft, which matches the guideline value for Green Garden-I,II,III,IV.

• Green Garden: Rs 800 per sq.ft (2024)
• G.P Avenue: Rs 800 per sq.ft (2024)
• Gopalsamy Nagar: Rs 800 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)
• Guru Ramesh Nagar: Rs 700 per sq.ft (2024)
• Gks Enclave: Rs 2,239 per sq.ft (2024)

Stamp duty and registration fee for property in Green Garden-I,II,III,IV

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total charges to Rs 72,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Garden-I,II,III,IV?

The Green Garden-I,II,III,IV area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the costs involved based on the official valuation of the property.

Frequently asked questions

What is the current guideline value for Green Garden-I,II,III,IV?

The current guideline value for Green Garden-I,II,III,IV is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 145 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, before returning to Rs 800 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Green Garden-I,II,III,IV?

For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Kavanur?

The Gooduvancheri Sub Registrar Office covers Kavanur, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the land classification for Green Garden-I,II,III,IV?

The land classification for Green Garden-I,II,III,IV is Residential Special Type - III.