Guideline Value for Green city Extension -III

Green city Extension -III guideline value

The current guideline value of Green city Extension -III is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Salamangalam village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Green city Extension -III has changed

The guideline value for Green city Extension -III has remained consistent at Rs 550 per sq.ft since the 2012 revision. The 2012 revision set the value at Rs 550 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value was Rs 368 per sq.ft. The 2023 revision also maintained the value at Rs 550 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 550 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 3,100 per sq.ft. The median value is Rs 500 per sq.ft, placing Green city Extension -III above this median.

• Green City Extension -II: Rs 550 per sq.ft (2024)
• Green city Extension: Rs 550 per sq.ft (2024)
• Green City: Rs 550 per sq.ft (2024)
• Green Avenue Extension: Rs 550 per sq.ft (2024)
• Green Avenue: Rs 550 per sq.ft (2024)
• Gokul Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Green city Extension -III

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Green city Extension -III?

The Sub Registrar Office that covers Green city Extension -III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Salamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This value must be considered alongside the actual sale price, as the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Green city Extension -III?

The current guideline value of Green city Extension -III is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft since the 2012 revision, with no change from the 2023 to 2024 revision. It increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017.

What are the guideline values of other streets in Salamangalam?

Other streets in Salamangalam have varying guideline values, with the median being Rs 500 per sq.ft. Green city Extension -III is above this median, with a guideline value of Rs 550 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These charges are based on the higher of the guideline value or the sale price.

Which office handles registrations for Green city Extension -III?

The Sriperumpudur Sub Registrar Office handles registrations for Green city Extension -III, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.