Guideline Value for Emarald Estate Avenue

Emarald Estate Avenue guideline value

The current guideline value of Emarald Estate Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Chitlapakkam village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Emarald Estate Avenue has changed

The guideline value for Emarald Estate Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,650 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. The guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Emarald Estate Avenue.

• Emaraldu Estate: Rs 2,750 per sq.ft (2024)
• Erikarai street: Rs 2,750 per sq.ft (2024)
• Elizabeth street: Rs 1,100 per sq.ft (2024)
• Elizabeth Rani Street: Rs 1,650 per sq.ft (2024)
• Evalappan St: Rs 1,650 per sq.ft (2024)
• E.V.Perumalsamy St ( Sri Manakula vinayagar St): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Emarald Estate Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Emarald Estate Avenue?

The Sub Registrar Office that covers Emarald Estate Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Chitlapakkam, the guideline value plays a crucial role in determining the transaction costs. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the registration process. The guideline value must be considered to ensure compliance with local regulations.

During property transactions, the guideline value helps both buyers and sellers understand the minimum value at which a property can be registered. This ensures transparency and helps in assessing the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Emarald Estate Avenue?

The current guideline value of Emarald Estate Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Emarald Estate Avenue?

For a 1,000 sq.ft property, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Emarald Estate Avenue?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Emarald Estate Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees. It ensures transparency in property transactions within the region.