Guideline Value

Corporate

Guideline Value for Green Grove Co-Operative Jeyam Nagar

₹770/sq.ft.

The guideline value for Green Grove Co-operative Jeyam Nagar in Navaloor village (Padappai SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Navaloor

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Green Grove Co-operative Jeyam Nagar

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Green Grove Co-Operative Jeyam Nagar guideline value

The current guideline value of Green Grove Co-Operative Jeyam Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village and falls under the Padappai SRO. The land classification for this property is Residential Special Type - I.

How the guideline value of Green Grove Co-Operative Jeyam Nagar has changed

Over the years, the guideline value of Green Grove Co-Operative Jeyam Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision and further rose to Rs 770 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10% in the guideline value per sq.ft.

Guideline values in Navaloor

Navaloor village has a total of 26 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 1,000 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, placing the 2024 figure for Green Grove Co-Operative Jeyam Nagar above this median.

Stamp duty and registration fee for property in Green Grove Co-Operative Jeyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, resulting in a combined total of Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Grove Co-Operative Jeyam Nagar?

The Sub Registrar Office that covers Green Grove Co-Operative Jeyam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Navaloor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Green Grove Co-Operative Jeyam Nagar?

The current guideline value of Green Grove Co-Operative Jeyam Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the registration office for Green Grove Co-Operative Jeyam Nagar?

The registration office for Green Grove Co-Operative Jeyam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the higher of the guideline value or the sale price.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it establishes the minimum value for property registration. It ensures that the government collects the appropriate stamp duty and registration fees during property transactions.