Guideline Value for ELITE GRAND CITY PHASE III

Elite Grand City Phase III guideline value

The current guideline value of Elite Grand City Phase III is Rs 1,493 per sq.ft. It is located in Nelllikuppam village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Elite Grand City Phase III has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value for Elite Grand City Phase III has remained unchanged at Rs 1,493 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%.

In the 2024 revision, the guideline value is Rs 1,493 per sq.ft, which is the same as the figure from the 2023 revision. This indicates stability in the guideline value for this property over the past year.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value in the village is Rs 1,000 per sq.ft, placing Elite Grand City Phase III above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would amount to Rs 1,04,510, while the registration fee at 2% would be Rs 29,860. Together, the total cost for stamp duty and registration fees would be Rs 1,34,370. It is important to note that the 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 Elite Grand City Phase III?

The Sub Registrar Office that covers Elite Grand City Phase III 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 during the registration process of property transactions in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties. Buyers should be aware that the duties are charged on the higher of the guideline value or the sale price, ensuring that the correct fees are collected based on the property's valuation.

Frequently asked questions

What is the current guideline value of Elite Grand City Phase III?

The current guideline value of Elite Grand City Phase III is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Elite Grand City Phase III has remained unchanged at Rs 1,493 per sq.ft from the 2023 revision to the 2024 revision, indicating a change of +0%.

What is the land classification for Elite Grand City Phase III?

Elite Grand City Phase III is classified as Mixed Type - II land, which is a designation used for various types of land use in the area.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,34,370, calculated based on the guideline value of Rs 14,93,000.

Which office handles property registrations for Elite Grand City Phase III?

The Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, handles property registrations for Elite Grand City Phase III.