Guideline Value for Green Port Avenue

Green Port Avenue guideline value

The current guideline value of Green Port Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Green Port Avenue has changed

The guideline value for Green Port Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a value of Rs 134 per sq.ft, indicating a decrease of 33% from the previous 2012 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft. The current guideline value of Rs 200 per sq.ft remains consistent from 2023 to 2024, showing no change. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value among these streets is Rs 181 per sq.ft, placing Green Port Avenue's 2024 figure above this median.

• Green Farms: Rs 181 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)
• Irular Street: Rs 150 per sq.ft (2024)
• Jabamalai Nagar Viriu: Rs 250 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Green Port Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, totaling Rs 14,000, while the registration fee is 2%, amounting to Rs 4,000. Therefore, the combined total for stamp duty and registration fee is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Port Avenue?

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

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

The guideline value is a crucial factor during the registration of property transactions in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Green Port Avenue?

The current guideline value of Green Port Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the other guideline values in Kanthoor?

In Kanthoor, the guideline values for other streets range from Rs 150 to Rs 700 per sq.ft, with the median being Rs 181 per sq.ft. Green Port Avenue's value is above this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.

Which office handles property registrations for Green Port Avenue?

The Sunguvarchattram Sub Registrar Office is responsible for property registrations for Green Port Avenue, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.