Guideline Value for TVS EMERALD AARANYA

Tvs Emerald Aaranya guideline value

The current guideline value for Tvs Emerald Aaranya is Rs 4,800 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village under the Selaiyur SRO, classified as Residential Class V Type - V.

How the guideline value of Tvs Emerald Aaranya has changed

The guideline value for Tvs Emerald Aaranya has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,800 per sq.ft, which is an increase of 7% from the 2023 revision of Rs 4,500 per sq.ft. The 2023 value remained unchanged from the 2017 revision, which was also Rs 4,500 per sq.ft. For the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Overall, from 2017 to 2024, the guideline value has increased by 7%. This steady rise reflects the latest adjustments in the property valuation for Tvs Emerald Aaranya.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Tvs Emerald Aaranya's 2024 figure above that median.

• Vadhabi Nagar: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 850 per sq.ft (2024)
• Valli Nagar: Rs 2,200 per sq.ft (2024)
• Thirumurugan Nagar: Rs 4,300 per sq.ft (2024)
• Thirumoolar Avenue: Rs 2,730 per sq.ft (2024)
• Veeramamunivar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald Aaranya

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, resulting in a total cost of Rs 4,32,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tvs Emerald Aaranya?

The Sub Registrar Office that covers Tvs Emerald Aaranya is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value is a crucial factor when buying or selling property in Vengaivasal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs involved in property transactions. Ensuring that the sale price aligns with or exceeds the guideline value is essential for a smooth registration process.

Frequently asked questions

What is the current guideline value for Tvs Emerald Aaranya?

The current guideline value for Tvs Emerald Aaranya is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tvs Emerald Aaranya has increased from Rs 4,500 per sq.ft in 2023 to Rs 4,800 per sq.ft in 2024, marking a 7% increase. There was no change from 2017 to 2023, as the value remained Rs 4,500 per sq.ft during that period.

What are the stamp duty and registration fees for properties in Tvs Emerald Aaranya?

For a property valued at Rs 48,00,000, the stamp duty would be Rs 3,36,000 and the registration fee would be Rs 96,000, totaling Rs 4,32,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Tvs Emerald Aaranya?

The Selaiyur Sub Registrar Office covers Tvs Emerald Aaranya, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Tvs Emerald Aaranya?

Tvs Emerald Aaranya is classified as Residential Class V Type - V, indicating its designation for residential purposes within the area.