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_B village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Green Holiday Resorts has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. However, the most recent 2024 revision has maintained this value at Rs 300 per sq.ft, indicating a 0% change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the guideline value from Rs 201 to Rs 300. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, remaining at Rs 300 per sq.ft in the latest revision.

Guideline values in Vallam_B

In Vallam_B, there are 73 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 400 per sq.ft. The guideline value of Green Holiday Resorts is below this median.

• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gnanagiri nagar: Rs 1,950 per sq.ft (2024)
• Highway: Rs 600 per sq.ft (2024)
• Gayathiri Nagar: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 400 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 guideline value of Rs 300 per sq.ft, the total 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, bringing the total charges to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Holiday Resorts?

The Sub Registrar Office that covers 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_B

The guideline value is a crucial factor in the registration process of property transactions in Vallam_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees based on the property's 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 remained at Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 in 2023 and 2024.

What is the land classification of Green Holiday Resorts?

Green Holiday Resorts is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Green Holiday Resorts?

For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 27,000, which includes stamp duty and registration fees based on the guideline value of Rs 3,00,000.

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

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