Guideline Value for Teachers Green Meadow Ph.I

Teachers Green Meadow Ph.I guideline value

The current guideline value of Teachers Green Meadow Ph.I is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Teachers Green Meadow Ph.I has changed

The guideline value for Teachers Green Meadow Ph.I has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,000 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Teachers Green Meadow Ph.I's 2024 figure above that median. Below are the guideline values for other streets in Sriperumbudur A:

• Telephone Lane: Rs 800 per sq.ft (2024)
• Suvisesapuram: Rs 1,000 per sq.ft (2024)
• Thanthondri Amman Koil Street: Rs 700 per sq.ft (2024)
• Sundaram Nagar: Rs 700 per sq.ft (2024)
• Then Pushkarani Street: Rs 700 per sq.ft (2024)
• Theradi Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Green Meadow Ph.I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers Green Meadow Ph.I?

The Sub Registrar Office that covers Teachers Green Meadow Ph.I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the costs incurred during registration. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Teachers Green Meadow Ph.I?

The current guideline value of Teachers Green Meadow Ph.I is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024 revisions.

What is the land classification for Teachers Green Meadow Ph.I?

Teachers Green Meadow Ph.I is classified under Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Teachers Green Meadow Ph.I?

The Sub Registrar Office for Teachers Green Meadow Ph.I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.