Guideline Value for ELITE GRAND CITY PHASE II

Elite Grand City Phase II guideline value

The current guideline value of Elite Grand City Phase II in Nelllikuppam village is Rs 1,493 per sq.ft, effective from the 2024 revision. This property falls under the Thiruporur SRO and is classified as Mixed Type - II.

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

The guideline value for Elite Grand City Phase II has remained consistent at Rs 1,493 per sq.ft since the 2023 revision. The 2024 revision also holds the same figure, indicating no change from the previous year.

Prior to 2023, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024, both at Rs 1,493 per sq.ft.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO with a 2024 guideline value range from Rs 400 to Rs 1,600 per sq.ft. The median guideline value in this village is Rs 1,000 per sq.ft, positioning Elite Grand City Phase II above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total cost to Rs 1,34,370. 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 more details.

Which Sub Registrar Office covers Elite Grand City Phase II?

The Sub Registrar Office covering Elite Grand City Phase II 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 must be paid when buying or selling property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects the appropriate revenue based on the property's value.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,493 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

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

For a property valued at Rs 14,93,000, the stamp duty would be Rs 1,04,510, and the registration fee would be Rs 29,860, totaling Rs 1,34,370. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Elite Grand City Phase II?

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

What is the land classification of Elite Grand City Phase II?

Elite Grand City Phase II is classified as Mixed Type - II, which indicates the type of land use permitted in this area.