Guideline Value for HALLMARK EMERALD

Hallmark Emerald guideline value

The current guideline value of Hallmark Emerald, located in Chettipunniyam village, is Rs 4,750 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Hallmark Emerald has changed

The guideline value for Hallmark Emerald has undergone several revisions over the years. In 2012, the value was set at Rs 4,750 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, from 2017, when the value was Rs 3,182 per sq.ft, there was a significant increase of 49% to reach the 2023 figure. The register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value remains at Rs 4,750 per sq.ft, showing no change from the 2023 revision. Overall, when comparing the 2012 figure to the 2024 figure, there is also no change, indicating stability in the guideline value over this period.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 4,750 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Hallmark Emerald's 2024 figure above that median.

• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Golden Nagar: Rs 1,000 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)
• G.K. Avenue: Rs 900 per sq.ft (2024)
• Ganesan Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Hallmark Emerald

For a 1,000 sq.ft plot at the current guideline value of Rs 4,750 per sq.ft, the total guideline value amounts to Rs 47,50,000. The stamp duty at 7% would be Rs 3,32,500, and the registration fee at 2% would be Rs 95,000, bringing the total cost together to Rs 4,27,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property transaction.

Which Sub Registrar Office covers Hallmark Emerald?

The Hallmark Emerald property is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Chettipunniyam

The guideline value is a crucial factor in property transactions in Chettipunniyam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate applicable fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential for both parties to be aware of the guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Hallmark Emerald?

The current guideline value of Hallmark Emerald is Rs 4,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 4,750 per sq.ft in 2012, 2023, and 2024, while it was Rs 3,182 per sq.ft in 2017. There was a 49% increase from 2017 to 2023.

What is the land classification of Hallmark Emerald?

Hallmark Emerald is classified as Mixed Type - I land, which is important for determining its usage and development potential.

What are the registration fees for property in Hallmark Emerald?

The registration fees for a property in Hallmark Emerald include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Hallmark Emerald located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.