Guideline Value for Green Holiday Resorts

Green Holiday Resorts guideline value

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

How the guideline value of Green Holiday Resorts has changed

The guideline value for Green Holiday Resorts has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 50 per sq.ft. This figure saw a significant increase to Rs 300 per sq.ft in 2012, but then dropped to Rs 201 per sq.ft in 2017. The 2023 revision maintained the value at Rs 300 per sq.ft, which remains unchanged in the 2024 revision.

From 2007 to 2024, the overall change in the guideline value is +500%. Notably, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. The 2024 revision reflects a 0% change from the previous year.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Green Holiday Resorts is above this median.

• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Highway: Rs 601 per sq.ft (2024)
• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Green Holiday Resorts

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Holiday Resorts?

The Sub Registrar Office covering Green Holiday Resorts is 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 Vallam

The guideline value is a critical factor in the registration process when buying or selling property in Vallam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Green Holiday Resorts?

The current guideline value of Green Holiday 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 changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification of Green Holiday Resorts?

Green Holiday Resorts is classified as Residential Class II Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Green Holiday Resorts?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a total of Rs 27,000 in stamp duty and registration fees.

Where is the Sub Registrar Office for Green Holiday Resorts located?

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