Guideline Value for P.G.S Green Land

P.G.S Green Land guideline value

The current guideline value of P.G.S Green Land in Naduveerapattu village is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of P.G.S Green Land has changed

The guideline value for P.G.S Green Land has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the value experienced a substantial increase of 49%, while the overall change from 2012 to 2024 reflects a 10% rise. The 2024 guideline value of Rs 660 per sq.ft aligns with the median value of Rs 660 per sq.ft for the 96 streets in Naduveerapattu under the Padappai SRO.

Guideline values in Naduveerapattu

Naduveerapattu has a range of guideline values across its streets, with the 2024 figures varying from Rs 330 to Rs 2,500 per sq.ft. The street of P.G.S Green Land has a guideline value that matches the median of Rs 660 per sq.ft. Below are the guideline values for other streets in Naduveerapattu:

• P.G.S GreenLand Phase-II: Rs 660 per sq.ft (2024)
• Periyapalayathamman Kovil Street: Rs 830 per sq.ft (2024)
• Prem Nagar: Rs 550 per sq.ft (2024)
• Pari Nagar: Rs 330 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 550 per sq.ft (2024)
• N.M.Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in P.G.S Green Land

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.G.S Green Land?

The P.G.S Green Land area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value is essential for ensuring that the transaction is recorded at a fair price, reflecting the local market conditions.

When buying or selling property, both parties must be aware of the current guideline value to avoid any discrepancies during registration. It is advisable to consult the latest figures to ensure compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of P.G.S Green Land?

The current guideline value of P.G.S Green Land is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the stamp duty and registration fees for property in P.G.S Green Land?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400 based on the current guideline value.

Which Sub Registrar Office covers P.G.S Green Land?

The Padappai Sub Registrar Office covers P.G.S Green Land, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of P.G.S Green Land?

P.G.S Green Land is classified as Residential Special Type - I, which indicates its designated use for residential purposes.