Guideline Value for SINGHVI EMERALD

Singhvi Emerald guideline value

The current guideline value of Singhvi Emerald is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Mangalam village under the Thirukazhukundram SRO and is classified as Residential Special Type - III.

How the guideline value of Singhvi Emerald has changed

The guideline value for Singhvi Emerald has undergone several revisions over the years. The most recent revision in 2024 sets the value at Rs 1,000 per sq.ft, which is an increase from Rs 859 per sq.ft in the 2023 revision, reflecting a change of +16%. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures in the register for the years mentioned. The 2023 value of Rs 859 per sq.ft was the first figure available for Singhvi Emerald, highlighting a significant jump in the guideline value in 2024.

Guideline values in Mangalam

In Mangalam village, there are 15 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 350 to Rs 1,300 per sq.ft, with a median value of Rs 575 per sq.ft. The guideline value for Singhvi Emerald is above this median, indicating a higher valuation compared to many other streets in the area.

• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)
• Vedagiris Mount City Part - II: Rs 575 per sq.ft (2024)

Stamp duty and registration fee for property in Singhvi Emerald

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Singhvi Emerald?

The Singhvi Emerald property falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mangalam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the transaction is aligned with the prevailing market conditions as recognized by the Registration Department.

Frequently asked questions

What is the current guideline value of Singhvi Emerald?

The current guideline value of Singhvi Emerald is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 859 per sq.ft to Rs 1,000 per sq.ft, reflecting a change of +16%.

What is the land classification of Singhvi Emerald?

Singhvi Emerald is classified as Residential Special Type - III.

What are the stamp duty and registration fees for a property in Singhvi Emerald?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 90,000, which includes Rs 70,000 for stamp duty and Rs 20,000 for registration fees.

Which office handles the registration for Singhvi Emerald?

The registration for Singhvi Emerald is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.