Guideline Value for Hallmark emerald

Hallmark emerald guideline value

The current guideline value of Hallmark emerald in Paranur 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 seen several revisions over the years. The 2012 revision set the value at Rs 4,750 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 3,182 per sq.ft. This was a decrease of 33%. However, the value increased significantly by 49% to Rs 4,750 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 4,750 per sq.ft.

Guideline values in Paranur

In addition to Hallmark emerald, other streets in Paranur under the Chengleput Joint II SRO have their own guideline values. The following are the guideline values for other streets in Paranur:

• Thiruvalllur Nagar: Rs 500 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, making the total cost of duty and fees Rs 4,27,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paranur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standardized value recognized by the government.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

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 fluctuated over the years, with significant changes noted between the 2012 and 2017 revisions, where it decreased, and then increased again by 49% in the 2023 revision.

What is the registration office for Hallmark emerald?

The registration office for Hallmark emerald is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Hallmark emerald?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,32,500.

Are there other streets with different guideline values in Paranur?

Yes, there are other streets in Paranur with different guideline values. For instance, Thiruvalllur Nagar has a guideline value of Rs 500 per sq.ft as of 2024.