Guideline Value for P.G.S GreenLand Phase-II

P.G.S GreenLand Phase-II guideline value

The current guideline value for P.G.S GreenLand Phase-II is Rs 660 per sq.ft. This property is located in Naduveerapattu village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of P.G.S GreenLand Phase-II has changed

The guideline value for P.G.S GreenLand Phase-II has undergone several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. In 2023, this increased to Rs 600 per sq.ft, marking a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Naduveerapattu

Naduveerapattu has 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which is equal to the current guideline value for P.G.S GreenLand Phase-II.

• P.G.S Green Land: 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 GreenLand Phase-II

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers P.G.S GreenLand Phase-II?

The Sub Registrar Office that covers P.G.S GreenLand Phase-II is 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 is essential during the registration process when buying or selling property in Naduveerapattu. It determines the minimum value at which the property must be registered, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of P.G.S GreenLand Phase-II?

The current guideline value of P.G.S GreenLand Phase-II 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 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for P.G.S GreenLand Phase-II?

P.G.S GreenLand Phase-II is classified as Residential Special Type - I, indicating its suitability for residential developments.

What are the stamp duty and registration fees for this property?

For a plot size of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for P.G.S GreenLand Phase-II located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles the registration of properties in the area.