Guideline Value for Green Grove Jayam Nagar Anex-6

Green Grove Jayam Nagar Anex-6 guideline value

The current guideline value of Green Grove Jayam Nagar Anex-6 is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kanchivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Green Grove Jayam Nagar Anex-6 has changed

Over the years, the guideline value for Green Grove Jayam Nagar Anex-6 has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision. However, this value dropped to Rs 402 per sq.ft in 2017. The 2023 revision maintained the value at Rs 600 per sq.ft, and the same value continues in the 2024 revision, reflecting no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The increase from 2007 to 2012 was substantial at 1100%, while the drop from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has risen by 1100%.

Guideline values in Kanchivakkam

In Kanchivakkam, there are 23 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 500 per sq.ft. Green Grove Jayam Nagar Anex-6's 2024 guideline value is above this median.

• Green Grove Jayam Co-op Nagar Annex-3: Rs 600 per sq.ft (2024)
• Green Grove Jeyam Nagar Annex-V: Rs 600 per sq.ft (2024)
• Jalamma Nagar: Rs 400 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 600 per sq.ft (2024)
• Jayalakshmi Nagar Extention: Rs 600 per sq.ft (2024)
• Kannan Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green Grove Jayam Nagar Anex-6

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, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Grove Jayam Nagar Anex-6?

The Sub Registrar Office that covers Green Grove Jayam Nagar Anex-6 is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kanchivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Green Grove Jayam Nagar Anex-6?

The current guideline value of Green Grove Jayam Nagar Anex-6 is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 50 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, dropping to Rs 402 per sq.ft in 2017, and then remaining at Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Green Grove Jayam Nagar Anex-6?

Green Grove Jayam Nagar Anex-6 is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 54,000 in fees.

Which office handles registrations for Green Grove Jayam Nagar Anex-6?

The Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone, handles registrations for Green Grove Jayam Nagar Anex-6.