Guideline Value for Emarald Park

Emarald Park guideline value

The current guideline value of Emarald Park, located in Kannampalayam village under the Kunrathur SRO, is Rs 765 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Emarald Park has changed

The guideline value for Emarald Park has seen several revisions over the years. The most recent revision in 2024 sets the value at Rs 765 per sq.ft, an increase from the 2023 revision of Rs 700 per sq.ft, reflecting a change of +9%. Prior to 2023, the guideline value remained unchanged since the 2012 revision, which also recorded Rs 700 per sq.ft. There are no figures available for the years 2017, 2007, 2003, and 2002 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +9%. This indicates a gradual adjustment in the valuation of properties in Emarald Park over the years.

Guideline values in Kannampalayam

Kannampalayam village has a total of 75 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, positioning Emarald Park's current value below this median.

• Ganathiya Villa Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• G.P.R.Nagar: Rs 765 per sq.ft (2024)
• Hanu Garden: Rs 2,460 per sq.ft (2024)
• Chendur Garden: Rs 1,650 per sq.ft (2024)
• Blossom Rich: Rs 1,376 per sq.ft (2024)
• Bharathi Nagar Extention: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Emarald Park

For a 1,000 sq.ft plot at the current guideline value of Rs 765 per sq.ft, the total guideline value amounts to Rs 7,65,000. The stamp duty, charged at 7%, would be Rs 53,550, and the registration fee, at 2%, would be Rs 15,300. Together, these fees amount to Rs 68,850. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Emarald Park?

The Sub Registrar Office that covers Emarald Park is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Kannampalayam. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Emarald Park?

The current guideline value of Emarald Park is Rs 765 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Emarald Park has increased from Rs 700 per sq.ft in 2023 to Rs 765 per sq.ft in 2024, marking a +9% change. The value remained unchanged at Rs 700 per sq.ft from 2012 to 2023.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft, which is higher than the current value of Emarald Park.

What are the stamp duty and registration fees for properties in Emarald Park?

For a property valued at Rs 7,65,000, the stamp duty would be Rs 53,550 and the registration fee would be Rs 15,300, totaling Rs 68,850. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Emarald Park?

The Kunrathur Sub Registrar Office handles property registration for Emarald Park, located at No.59, Road Street, Kundrathur, Chennai -600 069.