Guideline Value for SRS EMERALD AVENUE PHASE -I

Srs Emerald Avenue Phase -I guideline value

The current guideline value for Srs Emerald Avenue Phase -I is Rs 2,239 per sq.ft, as per the 2023 revision. This property is located in Melakottyur village under the Gooduvancheri SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Srs Emerald Avenue Phase -I has changed

Looking at the revisions, the guideline value for Srs Emerald Avenue Phase -I was Rs 1,500 per sq.ft in the 2017 revision. This increased to Rs 2,239 per sq.ft in the 2023 revision, marking a change of +49% over this period.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Srs Emerald Avenue Phase -I is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Srs Emerald Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value would be Rs 22,39,000. The stamp duty at 7% would amount to Rs 1,56,730, while the registration fee at 2% would be Rs 44,780. Together, the total cost for stamp duty and registration fee would be Rs 2,01,510. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srs Emerald Avenue Phase -I?

The Srs Emerald Avenue Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Melakottyur, as it determines the minimum value at which properties can be registered. It serves as a reference for calculating stamp duty and registration fees during the buying or selling process.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the property is not undervalued. This value is essential for both parties to understand the financial implications of the transaction, including the applicable duties and fees.

Frequently asked questions

What is the current guideline value for Srs Emerald Avenue Phase -I?

The current guideline value for Srs Emerald Avenue Phase -I is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in the 2017 revision to Rs 2,239 per sq.ft in the 2023 revision, which is a change of +49%.

Are there any guideline value figures for earlier revisions?

No figures are available for the revisions in 2024, 2012, 2007, 2003, and 2002 for Srs Emerald Avenue Phase -I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Which office handles the registration for Srs Emerald Avenue Phase -I?

The Gooduvancheri Sub Registrar Office handles the registration for Srs Emerald Avenue Phase -I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.