Guideline Value for Green Spot

Green Spot guideline value

The current guideline value of Green Spot, located in Kalivanthapattu village under the Thiruporur SRO, is Rs 896 per sq.ft. The land classification for this area is Mixed Type - III.

How the guideline value of Green Spot has changed

In the 2017 revision, the guideline value for Green Spot was set at Rs 600 per sq.ft. This figure remained unchanged in the 2023 revision, but the 2024 revision has also maintained the value at Rs 896 per sq.ft, resulting in an overall increase of 49% from the 2017 revision to the current value.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has seen a consistent figure of Rs 896 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Kalivanthapattu

Kalivanthapattu village has a total of 19 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 605 per sq.ft, positioning Green Spot's 2024 figure above this median.

• Galaxy Form: Rs 300 per sq.ft (2024)
• Dvac Staff Co-Operative Housing Society: Rs 600 per sq.ft (2024)
• Doctors Rainbow Spring: Rs 600 per sq.ft (2024)
• Baba Enclave: Rs 800 per sq.ft (2024)
• Sri Aishwaryam Nagar: Rs 896 per sq.ft (2024)
• Sri Krishna Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Green Spot

For a 1,000 sq.ft plot at the current guideline value of Rs 896 per sq.ft, the total guideline value would be Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920, bringing the total cost for these fees to Rs 80,640. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Spot?

The Green Spot area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kalivanthapattu. It is used to determine the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Green Spot?

The current guideline value of Green Spot is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%, from Rs 600 per sq.ft to Rs 896 per sq.ft. The value remained unchanged from 2023 to 2024.

What is the land classification of Green Spot?

The land classification for Green Spot is Mixed Type - III, which indicates a variety of permissible land uses in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Green Spot?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 896 per sq.ft, the total guideline value is Rs 8,96,000, leading to a stamp duty of Rs 62,720 at 7%.