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Guideline Value

Corporate

Guideline Value for Green Park Chennai Meadows

₹330/sq.ft.

The guideline value for Green Park Chennai Meadows in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Green Park Chennai Meadows

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Green Park Chennai Meadows guideline value

The current guideline value of Green Park Chennai Meadows is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Pammathukulam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Green Park Chennai Meadows has changed

The guideline value for Green Park Chennai Meadows has undergone several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The value saw a substantial rise to Rs 300 per sq.ft in 2023, and most recently, it has been revised to Rs 330 per sq.ft in 2024, marking a 10% increase from the previous year.

Looking at the changes over the years, from 2007 to 2012, there was a remarkable increase of 200%. However, the value dropped by 33% from 2012 to 2017. Following that, the value surged by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that there are no figures available for the street in the revisions of 2002 and 2003.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Green Park Chennai Meadows is below this median.

Stamp duty and registration fee for property in Green Park Chennai Meadows

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Green Park Chennai Meadows?

The Green Park Chennai Meadows falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Pammathukulam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's assessed value, thus maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Green Park Chennai Meadows?

The current guideline value of Green Park Chennai Meadows is Rs 330 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 330 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the stamp duty rate for properties in Green Park Chennai Meadows?

The stamp duty rate for properties in Green Park Chennai Meadows is 7% of the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for calculating the applicable fees.