Guideline Value for Emmanuvel Street

Emmanuvel Street guideline value

The current guideline value of Emmanuvel Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Emmanuvel Street has changed

The guideline value for Emmanuvel Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,200 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased to Rs 1,474 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and then rose to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a net increase of 9%. It is worth noting that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing Emmanuvel Street's current guideline value above this median.

• Ezhil Nagar: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Ezhil Nagar Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Emmanuvel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Emmanuvel Street?

The Sub Registrar Office that covers Emmanuvel Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Rajakilpakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Emmanuvel Street?

The current guideline value of Emmanuvel Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Emmanuvel Street?

Emmanuvel Street is classified as Residential Special Type - II under the Selaiyur SRO.

How does the guideline value compare to other streets in Rajakilpakkam?

The guideline value of Emmanuvel Street at Rs 2,400 per sq.ft is above the median value of Rs 2,150 per sq.ft for the 384 streets in Rajakilpakkam.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.