Guideline Value for Green Housing Phase - III

Green Housing Phase - III guideline value

The current guideline value of Green Housing Phase - III in Vadakal_B village is Rs 300 per sq.ft, effective from the 2024 revision. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Green Housing Phase - III has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged in the subsequent 2023 and 2024 revisions, both recorded at Rs 300 per sq.ft. 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 value to Rs 300 per sq.ft. The overall change from 2017 to 2024 also reflects a 49% increase, as the guideline value has remained constant since 2023.

Guideline values in Vadakal_B

Vadakal_B village has a total of 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Green Housing Phase - III at this median value.

• Green Park: Rs 300 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Green Housing Phase - III

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, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green Housing Phase - III?

The Green Housing Phase - III 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the value of the property accurately, as per the established guidelines.

Frequently asked questions

What is the current guideline value for Green Housing Phase - III?

The current guideline value for Green Housing Phase - III in Vadakal_B is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, moving from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023 and 2024. There were no figures recorded for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this property?

The Sriperumpudur Sub Registrar Office, which covers Green Housing Phase - III, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the registration reflects the value of the property accurately, serving as a benchmark for the transaction.