Guideline Value for ELITE GRAND CITY PHASE V

Elite Grand City Phase V guideline value

The current guideline value of Elite Grand City Phase V is Rs 1,000 per sq.ft. This property is located in Nelllikuppam village, under the Thiruporur SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Elite Grand City Phase V has remained consistent at Rs 1,000 per sq.ft since the 2023 revision. Prior to that, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, which is effective from 1 July 2024, the guideline value continues to be Rs 1,000 per sq.ft, showing no change from the previous year. The change from 2023 to 2024 is recorded as +0%.

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, which is equal to the current guideline value of Elite Grand City Phase V.

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

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. 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 V?

The Sub Registrar Office that covers Elite Grand City Phase V 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 plays a crucial role during the registration of property transactions in Nelllikuppam. It is used to determine the applicable stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Elite Grand City Phase V 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 stable at Rs 1,000 per sq.ft since the 2023 revision. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000.

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

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

How is the guideline value determined for properties in Nelllikuppam?

The guideline value for properties in Nelllikuppam is determined by the Registration Department's guideline value register. It is based on various factors, including land classification and median values of surrounding streets.