Guideline Value for Green Homes

Green Homes guideline value

The current guideline value of Green Homes in Valarpuram village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Green Homes has changed

Over the years, the guideline value of Green Homes has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 300% rise. However, it then dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change in these two years. Notably, from 2017 to 2023, there was a 49% increase in the guideline value.

The current guideline value of Rs 400 per sq.ft in 2024 is consistent with the 2023 revision. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 2,025 per sq.ft as of 2024. The median value for these streets is Rs 300 per sq.ft, placing the guideline value of Green Homes above this median.

• Golden Acres @ Shriram One City: Rs 1,800 per sq.ft (2024)
• Gnanammal Nagar: Rs 300 per sq.ft (2024)
• Highways Nagar: Rs 600 per sq.ft (2024)
• Jayanthi Town Part I: Rs 300 per sq.ft (2024)
• Jayanthi Town Part II: Rs 300 per sq.ft (2024)
• Ezhil Nagar: Rs 200 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Green Homes?

The Sub Registrar Office that covers Green Homes is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent, reflecting the value of properties in the region.

Frequently asked questions

What is the current guideline value of Green Homes?

The current guideline value of Green Homes is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft, with Green Homes' guideline value exceeding this median.

What are the stamp duty and registration fees for property in Green Homes?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total fees would amount to Rs 36,000.

Which Sub Registrar Office covers Green Homes?

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