Guideline Value for Greenwood Garden

Greenwood Garden guideline value

The current guideline value of Greenwood Garden, located in Palnalloor village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Greenwood Garden has changed

The guideline value for Greenwood Garden has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Greenwood Garden.

• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Jemi Housing: Rs 200 per sq.ft (2024)
• Kalashetra Nagar: Rs 200 per sq.ft (2024)
• Colony School Street: Rs 175 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• BalaVinayagar Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Greenwood Garden

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Greenwood Garden?

The Greenwood Garden area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Palnalloor. It is the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is assessed to determine the applicable fees. Buyers should be aware that the fees are calculated based on the higher value between the guideline value and the sale price, ensuring that the correct amount is paid during registration.

Frequently asked questions

What is the current guideline value of Greenwood Garden?

The current guideline value of Greenwood Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Greenwood Garden?

Greenwood Garden falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property in Greenwood Garden?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Greenwood Garden?

The Sunguvarchattram Sub Registrar Office handles property registrations for Greenwood Garden, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.