Guideline Value for Green Garden

Green Garden guideline value

The current guideline value of Green Garden 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 has changed

The guideline value of Green Garden has seen several revisions over the years. In 2007, the value was Rs 140 per sq.ft, which increased to Rs 800 per sq.ft in 2012. This marked a significant increase of 471%. However, the value remained unchanged at Rs 800 per sq.ft in both the 2012 and 2023 revisions. From 2017, when the value was Rs 536 per sq.ft, to 2023, it increased by 49% to Rs 800 per sq.ft.

For the 2024 revision, the guideline value remains at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, which is equal to the guideline value of Green Garden.

• Green Garden-I,II,III,IV: 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

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, making a total of Rs 72,000. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Garden?

The Green Garden area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO here.

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

When buying or selling property in Kavanur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is typically used as a reference point for these calculations, ensuring that the transaction is documented accurately.

At the time of registration, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green Garden?

The current guideline value of Green Garden 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 several times, with the most recent revisions being Rs 800 per sq.ft in 2023 and 2024, compared to Rs 536 per sq.ft in 2017 and Rs 140 per sq.ft in 2007.

Where can I find the registration office for Green Garden?

The registration office for Green Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What are the other streets in Kavanur with the same guideline value?

Other streets in Kavanur with the same guideline value of Rs 800 per sq.ft include Green Garden-I, II, III, IV, G.P Avenue, and Gopalsamy Nagar.

How is the stamp duty calculated for property in Green Garden?

Stamp duty for property in Green Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000.