Guideline Value for Green Medows

Green Medows guideline value

The current guideline value of Green Medows in Ulunthai village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Green Medows has changed

The guideline value for Green Medows has undergone several revisions over the years. The earliest available figure is from 2007, when the guideline value was Rs 50 per sq.ft. This increased to Rs 150 per sq.ft in 2012, representing a significant rise of 200%. However, in 2017, the value was reduced to Rs 100 per sq.ft, marking a decrease of 33%. The value remained at Rs 150 per sq.ft from 2012 until the 2023 revision, which also maintained the same rate. The latest revision in 2024 has kept the guideline value at Rs 150 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 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Green Medows.

• Green Areana: Rs 150 per sq.ft (2024)
• Gandhi Street: Rs 150 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Chennai Perambakkam salai: Rs 426 per sq.ft (2024)
• Beauty Gardens: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Green Medows

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Medows?

The Sub Registrar Office that covers Green Medows is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Ulunthai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Green Medows?

The current guideline value of Green Medows is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining it at Rs 150 per sq.ft. The value saw a decrease in 2017 but remained stable from 2012 to 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers Green Medows?

The Sunguvarchattram Sub Registrar Office covers Green Medows, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Green Medows?

Green Medows is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.