Guideline Value for Green city

Green city guideline value

The current guideline value of Green City in Ozhalur village is Rs 672 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Special Type - III.

How the guideline value of Green city has changed

The guideline value for Green City has remained consistent at Rs 672 per sq.ft since the 2023 revision. Prior to this, there were no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the 2024 revision shows a change of +0% from the 2023 revision, which also recorded the same figure of Rs 672 per sq.ft. This indicates stability in the guideline value for Green City over the last two revisions.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 672 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Green City above this median.

• Green City Phase - I, II, III, IV, V: Rs 650 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 650 per sq.ft (2024)
• Metro Garden Phase-I To IV: Rs 300 per sq.ft (2024)
• Muthu Nagar: Rs 250 per sq.ft (2024)
• Sakthi Ganesh Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Green city

For a 1,000 sq.ft plot at the current guideline value of Rs 672 per sq.ft, the total guideline value amounts to Rs 6,72,000. The stamp duty at 7% would be Rs 47,040, while the registration fee at 2% would be Rs 13,440, leading to a total of Rs 60,480. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green city?

The Sub Registrar Office that covers Green City is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ozhalur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Green City?

The current guideline value of Green City is Rs 672 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 672 per sq.ft since the 2023 revision. There were no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty for property in Green City?

The stamp duty for property in Green City is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 47,040 based on the current guideline value.

Where can I find the Sub Registrar Office for Green City?

The Sub Registrar Office for Green City is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value of streets in Ozhalur?

The median guideline value of the streets in Ozhalur is Rs 300 per sq.ft, with Green City being above this median at Rs 672 per sq.ft.