Guideline Value for Green Hoilday Resorts

Green Hoilday Resorts guideline value

The current guideline value of Green Hoilday Resorts is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Eraiyur village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Green Hoilday Resorts has changed

The guideline value for Green Hoilday Resorts has seen several revisions over the years. The 2024 revision maintains the value at Rs 300 per sq.ft, the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 201 per sq.ft, reflecting a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The guideline value has remained stable in recent revisions, with the current rate reflecting the same value as seen in the previous years.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Green Hoilday Resorts above this median.

• Inbambigai Nagar: Rs 200 per sq.ft (2024)
• Isvariyam Avenue: Rs 200 per sq.ft (2024)
• Ezhil Nagar Extn: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 250 per sq.ft (2024)
• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Dream Home: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Green Hoilday Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total additional costs to Rs 27,000. It is essential 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 Hoilday Resorts?

The Green Hoilday Resorts falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Eraiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Green Hoilday Resorts?

The current guideline value of Green Hoilday Resorts is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the median guideline value in Eraiyur?

The median guideline value for the 35 streets in Eraiyur is Rs 200 per sq.ft, with Green Hoilday Resorts' value being above this median.

What are the stamp duty rates for property in Green Hoilday Resorts?

The stamp duty for property transactions in Green Hoilday Resorts is charged at 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.