Guideline Value for ELITE GRAND CITY PHASE IV

Elite Grand City Phase IV guideline value

The current guideline value for Elite Grand City Phase IV is Rs 1,493 per sq.ft. This property 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 IV has changed

The guideline value for Elite Grand City Phase IV has remained stable at Rs 1,493 per sq.ft since the 2023 revision, which also had the same figure. Prior to that, in the 2017 revision, the guideline value was Rs 1,000 per sq.ft, marking a 49% increase over the six-year period from 2017 to 2023.

From 2017 to 2024, the guideline value has seen an overall increase of 49%, as the current figure for 2024 is Rs 1,493 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 1,000 per sq.ft, placing Elite Grand City Phase IV above this median.

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

Stamp duty and registration fee for property in Elite Grand City Phase IV

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 be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total to Rs 1,34,370. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elite Grand City Phase IV?

The Sub Registrar Office that covers Elite Grand City Phase IV is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Nelllikuppam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate 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 for Elite Grand City Phase IV?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,493 per sq.ft since the 2023 revision. It was Rs 1,000 per sq.ft in the 2017 revision, marking a 49% increase from 2017 to 2024.

What is the median guideline value in Nelllikuppam?

The median guideline value for the 45 streets in Nelllikuppam under the Thiruporur SRO is Rs 1,000 per sq.ft. Elite Grand City Phase IV is above this median value.

What are the stamp duty rates for properties in Elite Grand City Phase IV?

The stamp duty for properties in Elite Grand City Phase IV is charged at 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Elite Grand City Phase IV is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110. You can also find your SRO online.