Guideline Value for Emmanuel Street

Emmanuel Street guideline value

The current guideline value of Emmanuel Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class V Type - III.

How the guideline value of Emmanuel Street has changed

The guideline value for Emmanuel Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in the 2024 revision, marking a 13% increase from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft, with a median value of Rs 2,800 per sq.ft. Emmanuel Street's 2024 guideline value is below this median.

• Elango Street: Rs 2,800 per sq.ft (2024)
• Gandhi Street: Rs 2,800 per sq.ft (2024)
• Govindu Street: Rs 2,800 per sq.ft (2024)
• Cholamannan Street: Rs 2,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)
• Bus Stand Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Emmanuel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Emmanuel Street?

The Sub Registrar Office that covers Emmanuel Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Emmanuel Street?

The current guideline value of Emmanuel Street is Rs 1,700 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Emmanuel Street?

Emmanuel Street is classified as Residential Class V Type - III.

Where can I find the Sub Registrar Office for Emmanuel Street?

The Adayar Sub Registrar Office covers Emmanuel Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties on Emmanuel Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%, along with a registration fee of Rs 34,000 at 2%.