Guideline Value for TVS EMERALD FLOURISH PHASE-III

Tvs Emerald Flourish Phase-III guideline value

The current guideline value for Tvs Emerald Flourish Phase-III is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in Salamangalam village under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Mixed Special Type - II.

How the guideline value of Tvs Emerald Flourish Phase-III has changed

According to the register, the guideline value for Tvs Emerald Flourish Phase-III has remained consistent at Rs 3,100 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has been stable at Rs 3,100 per sq.ft for the last two revisions, indicating a steady valuation for this property segment. The absence of figures in earlier revisions suggests that the current value reflects the most recent assessment by the Registration Department.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Tvs Emerald Flourish Phase-III above this median.

• TVS Emerald Flourish: Rs 1,850 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Theradi street: Rs 400 per sq.ft (2024)
• Venkatesa Nagar: Rs 550 per sq.ft (2024)
• Vetri Nagar: Rs 400 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald Flourish Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees to Rs 2,79,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tvs Emerald Flourish Phase-III?

The Tvs Emerald Flourish Phase-III is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Salamangalam

The guideline value plays a crucial role during property registration in Salamangalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to understand that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Tvs Emerald Flourish Phase-III?

The current guideline value for Tvs Emerald Flourish Phase-III is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tvs Emerald Flourish Phase-III has remained stable at Rs 3,100 per sq.ft for both the 2023 and 2024 revisions, with no changes noted in the previous revisions.

What is the land classification for Tvs Emerald Flourish Phase-III?

The land classification for Tvs Emerald Flourish Phase-III is Mixed Special Type - II, which is relevant for understanding its usage and development potential.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in the area.