Guideline Value for EMERALD AVENUE EXTENSION

Emerald Avenue Extension guideline value

The current guideline value of Emerald Avenue Extension is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Nayakkankuppam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Emerald Avenue Extension has changed

Looking at the historical revisions, the guideline value for Emerald Avenue Extension was Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. Prior to that, in 2017, the value was Rs 167 per sq.ft, showing a 50% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 250 per sq.ft, which was a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayakkankuppam

In Nayakkankuppam, there are 23 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 403 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Emerald Avenue Extension is above this median.

• Eden Garden: Rs 250 per sq.ft (2024)
• Ezhil Arasi Nagar: Rs 200 per sq.ft (2024)
• Ezhilarasi Nagar Phase-II: Rs 250 per sq.ft (2024)
• Ezhilarasi Nagar Phase-III: Rs 250 per sq.ft (2024)
• Gain Nagar: Rs 150 per sq.ft (2024)
• Golden City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Emerald Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500 for these charges. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Emerald Avenue Extension?

The Emerald Avenue Extension falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Nayakkankuppam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs involved in the transfer of property ownership. Buyers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Emerald Avenue Extension?

The current guideline value of Emerald Avenue Extension is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Emerald Avenue Extension?

Emerald Avenue Extension is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Emerald Avenue Extension?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Emerald Avenue Extension?

The Walajabad Sub Registrar Office handles registrations for Emerald Avenue Extension, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.