Guideline Value for ELITE GRAND CITY ANNEX

Elite Grand City Annex guideline value

The current guideline value of Elite Grand City Annex is Rs 1,000 per sq.ft. It is located in Nelllikuppam village under the Thiruporur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Elite Grand City Annex has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 1,000 per sq.ft, resulting in a change of +0% from 2023 to 2024.

This consistency in the guideline value indicates stability for the Elite Grand City Annex, with the current rate aligning with the previous year's figure.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, placing Elite Grand City Annex at this median value.

• Elite Grand City: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase II: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase III: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase IV: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase V: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase VI: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Elite Grand City Annex

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the 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, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elite Grand City Annex?

The Sub Registrar Office that covers Elite Grand City Annex is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nelllikuppam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Elite Grand City Annex?

The current guideline value of Elite Grand City Annex is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,000 per sq.ft from 2023 to 2024, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Elite Grand City Annex?

The land classification for Elite Grand City Annex is Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft would have a total guideline value of Rs 10,00,000, leading to specific fees based on that value.