Guideline Value for SHOBHA EMERALD

Shobha Emerald guideline value

The current guideline value of Shobha Emerald is Rs 2,970 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai SRO, classified as Commercial Class I Type - II.

How the guideline value of Shobha Emerald has changed

The guideline value for Shobha Emerald has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,809 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the value at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,310 per sq.ft, placing Shobha Emerald's 2024 figure above this median.

• Shoba Windsor Castle: Rs 2,575 per sq.ft (2024)
• Shriprop Properties - G.S.T. Road: Rs 4,930 per sq.ft (2024)
• Sharmila Nagar: Rs 2,310 per sq.ft (2024)
• Shanthi Nagar: Rs 5,500 per sq.ft (2024)
• Sigaram Enclave: Rs 2,640 per sq.ft (2024)
• Shansu Avenue: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Shobha Emerald

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total fees to Rs 2,67,300. 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 Shobha Emerald?

The Sub Registrar Office covering Shobha Emerald is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a buyer or seller engages in a transaction, the registration office will refer to the guideline value to ensure that the property is registered at a fair value, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Shobha Emerald?

The current guideline value of Shobha Emerald is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023, and then to Rs 2,970 per sq.ft in 2024. This reflects a 64% increase overall from 2017 to 2024.

What is the land classification for Shobha Emerald?

Shobha Emerald is classified as Commercial Class I Type - II, indicating its suitability for commercial activities within the area.

Where is the Sub Registrar Office for Shobha Emerald located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Shobha Emerald?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 at a rate of 7%.