Guideline Value for K P GREEN MEADOWS PHASE-I-II-III

K P Green Meadows Phase-I-II-III guideline value

The current guideline value of K P Green Meadows Phase-I-II-III is Rs 650 per sq.ft, effective from 1 July 2024. This property is located in Anjur village under the Chengleput Joint II SRO, classified as Mixed Type - I.

How the guideline value of K P Green Meadows Phase-I-II-III has changed

The guideline value for K P Green Meadows Phase-I-II-III has undergone several revisions over the years. In 2012, the value was set at Rs 650 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 435 per sq.ft. The 2023 revision brought the value back to Rs 650 per sq.ft, which has remained consistent through to the 2024 revision, showing no change from the previous year.

Notably, between 2017 and 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 650 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anjur

In Anjur village, there are 10 streets under the Chengleput Joint II SRO that have a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 625 per sq.ft, placing K P Green Meadows Phase-I-II-III above this median.

• Kamakshi Avenue: Rs 2,500 per sq.ft (2024)
• Marvel Avenue: Rs 501 per sq.ft (2024)
• Om Sakthi Nagar: Rs 500 per sq.ft (2024)
• Paras Nagar: Rs 500 per sq.ft (2024)
• Dra Pristine Pavilion: Rs 400 per sq.ft (2024)
• Uj Garden: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in K P Green Meadows Phase-I-II-III

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. It is important to note that 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 K P Green Meadows Phase-I-II-III?

The K P Green Meadows Phase-I-II-III falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anjur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of K P Green Meadows Phase-I-II-III?

The current guideline value of K P Green Meadows Phase-I-II-III is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 650 per sq.ft in both 2023 and 2024. The value was Rs 435 per sq.ft in 2017 and Rs 650 per sq.ft in 2012.

What is the land classification for K P Green Meadows Phase-I-II-III?

K P Green Meadows Phase-I-II-III is classified as Mixed Type - I. This classification indicates the type of land use permitted in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Anjur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,50,000 would incur a stamp duty of Rs 45,500 at 7%.