Guideline Value for Green Hills Phase - IV

Green Hills Phase - IV guideline value

The current guideline value of Green Hills Phase - IV is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Green Hills Phase - IV has changed

The guideline value for Green Hills Phase - IV has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision saw an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Green Hills Phase - IV's 2024 figure below the median.

• Green Hills Phase - II: Rs 1,320 per sq.ft (2024)
• Green Hills Phase - I: Rs 1,320 per sq.ft (2024)
• Home Land Nemra: Rs 3,300 per sq.ft (2024)
• Homeland One: Rs 3,300 per sq.ft (2024)
• Homeland One Phase - 5: Rs 2,200 per sq.ft (2024)
• Homeland One Phase - II: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Green Hills Phase - IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Hills Phase - IV?

The Sub Registrar Office that covers Green Hills Phase - IV is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green Hills Phase - IV?

The current guideline value of Green Hills Phase - IV is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Green Hills Phase - IV?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Green Hills Phase - IV, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Green Hills Phase - IV?

Green Hills Phase - IV is classified as Residential Special Type - III, indicating its designated use for residential purposes.