Guideline Value for Green Homes

Green Homes guideline value

The current guideline value of Green Homes in Ponthoor village is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Green Homes has changed

The guideline value for Green Homes has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 190 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 216% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The value then rose again to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

In summary, the guideline value has changed from Rs 190 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, resulting in an overall increase of 216% over this period. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ponthoor

Ponthoor village features 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing the Green Homes guideline value above this median.

• Gayathiri Nagar: Rs 300 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Green Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee, charged at 2%, would be Rs 12,000. Together, the total cost for stamp duty and registration would be Rs 54,000. It is important to 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 Homes?

The Green Homes area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Green Homes?

The current guideline value of Green Homes is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 190 per sq.ft to Rs 600 per sq.ft in 2024, marking a total increase of 216% over the years.

What is the land classification of Green Homes?

Green Homes is classified as Residential Special Type - I under the current regulations.

Where can I find the Sub Registrar Office for Green Homes?

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

How is the stamp duty calculated for properties in Green Homes?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at the rate of 7%.