Guideline Value for Green Housing Phase - III

Green Housing Phase - III guideline value

The current guideline value for Green Housing Phase - III in Vadakal_C village, under the Sriperumpudur SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

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

The guideline value for Green Housing Phase - III has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. This value increased to Rs 300 per sq.ft in the 2023 revision, marking a significant increase of 49%. The 2024 revision maintained this value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the guideline value for Green Housing Phase - III below this median.

• 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 Extension: Rs 550 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Jemi Gardens: Rs 550 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, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000. Therefore, the total cost for stamp duty and registration would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Housing Phase - III?

The Sub Registrar Office that covers Green Housing Phase - III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Vadakal_C. It is used to determine the stamp duty and registration fees that are payable at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value is a reference point for both buyers and sellers, providing a standard measure of property value in the area. This helps to facilitate smoother transactions and ensures transparency in property dealings.

Frequently asked questions

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

The current guideline value for Green Housing Phase - III is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a total increase of 49% from 2017 to 2024.

Are there any years with no recorded guideline value for this street?

Yes, there are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for Green Housing Phase - III.

What are the stamp duty and registration fees for a property in Green Housing Phase - III?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which office handles the registration for Green Housing Phase - III?

The registration for Green Housing Phase - III is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu zone.