Guideline Value

Corporate

Guideline Value for EMERALD FLATS (ESTATE ROAD, MOGAPPAIR ROAD)

₹9900/sq.ft.

The guideline value for Emerald Flats (estate Road, Mogappair Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Emerald Flats (estate Road, Mogappair Road)

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Emerald Flats (Estate Road, Mogappair Road) guideline value

The current guideline value for Emerald Flats (Estate Road, Mogappair Road) is Rs 9,900 per sq.ft, effective from 1 July 2024. This property is located in Padi village under the Villivakkam SRO and is classified as Residential Special Type - II.

How the guideline value of Emerald Flats (Estate Road, Mogappair Road) has changed

The guideline value for Emerald Flats has undergone several revisions over the years. In 2012, the value was set at Rs 9,000 per sq.ft. This figure decreased to Rs 6,030 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 9,000 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 9,900 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft in 2024. The median guideline value for these streets is Rs 3,800 per sq.ft, placing the guideline value for Emerald Flats above this median.

Stamp duty and registration fee for property in Emerald Flats (Estate Road, Mogappair Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000. Together, the total cost for these fees would be Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Emerald Flats (Estate Road, Mogappair Road)?

The Sub Registrar Office that covers Emerald Flats is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Padi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized property value.

When buying or selling property, the guideline value helps determine the official value of the property for legal purposes. This value is essential for both buyers and sellers to understand the financial implications of their transactions, including the fees they will incur.

Frequently asked questions

What is the current guideline value for Emerald Flats?

The current guideline value for Emerald Flats (Estate Road, Mogappair Road) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What are the other streets in Padi with their guideline values?

Other streets in Padi include Elumalai Nagar at Rs 2,500 per sq.ft, ELANGO NAGAR MAIN ROAD at Rs 4,400 per sq.ft, and several others, all of which are below the guideline value for Emerald Flats.

What fees are associated with buying property in Emerald Flats?

When buying property in Emerald Flats, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, these fees would total Rs 8,91,000.

Where can I find the Sub Registrar Office for Emerald Flats?

The Sub Registrar Office covering Emerald Flats is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about it online.