Guideline Value for TVS EMERALD GREEN ENCLAVE

Tvs Emerald Green Enclave guideline value

The current guideline value for Tvs Emerald Green Enclave is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Baraniputjur village under the Kunrathur SRO, classified as Mixed Special Type - II.

How the guideline value of Tvs Emerald Green Enclave has changed

Over the years, the guideline value for Tvs Emerald Green Enclave has seen significant changes. The 2017 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,239 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision further increased the guideline value to Rs 2,500 per sq.ft, reflecting a 12% increase from the previous year. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 67%. This indicates a substantial rise in the value of properties in this area over the past few years.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, making Tvs Emerald Green Enclave's current value above that median.

• Uma mageswari Nagar: Rs 1,210 per sq.ft (2024)
• Vajjiravel Nagar: Rs 1,210 per sq.ft (2024)
• Vasanthapuram: Rs 1,210 per sq.ft (2024)
• Vasanthapuram Phase II: Rs 1,210 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)
• Thamu Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald Green Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tvs Emerald Green Enclave?

The Sub Registrar Office that covers Tvs Emerald Green Enclave is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Baraniputjur. It serves as the baseline for determining the stamp duty and registration fees that need to be paid at the time of sale or purchase.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Tvs Emerald Green Enclave?

The current guideline value of Tvs Emerald Green Enclave is Rs 2,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2024, marking an overall increase of 67% over this period.

What is the stamp duty for a property in Tvs Emerald Green Enclave?

The stamp duty for a property in Tvs Emerald Green Enclave is calculated at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Tvs Emerald Green Enclave is charged at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all property registrations in the area.