Guideline Value for TVS EMERALD HAMLET

Tvs Emerald Hamlet guideline value

The current guideline value of Tvs Emerald Hamlet is Rs 10,700 per sq.ft, effective from 1 July 2024. This property is located in Karapakkam village, under the Neelankarai SRO, and is classified as Mixed Special Type - II.

How the guideline value of Tvs Emerald Hamlet has changed

The guideline value for Tvs Emerald Hamlet has seen significant revisions over the years. The earliest recorded figure is from 2017, which was Rs 6,500 per sq.ft. In 2023, the value increased to Rs 9,702 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 10,700 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Tvs Emerald Hamlet's 2024 figure significantly above the median.

• Vai Kund-Sundaram Estate: Rs 1,700 per sq.ft (2024)
• Thulukanam Garden: Rs 1,100 per sq.ft (2024)
• Veerapandia Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Velu Street: Rs 1,100 per sq.ft (2024)
• Vembuli Street: Rs 1,100 per sq.ft (2024)
• VENDRASI AMMAN KOIL 1st CROSS STREEET: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald Hamlet

For a 1,000 sq.ft plot at the current guideline value of Rs 10,700 per sq.ft, the total guideline value amounts to Rs 1,07,00,000. The stamp duty at 7% would be Rs 7,49,000, and the registration fee at 2% would be Rs 2,14,000, resulting in a total of Rs 9,63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tvs Emerald Hamlet?

Tvs Emerald Hamlet falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Karapakkam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling a property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they account for these fees in their budget when considering a property purchase.

Frequently asked questions

What is the current guideline value of Tvs Emerald Hamlet?

The current guideline value of Tvs Emerald Hamlet is Rs 10,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 6,500 per sq.ft to Rs 10,700 per sq.ft as of 2024, marking an overall increase of 65%.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 7,49,000 and the registration fee is Rs 2,14,000, totaling Rs 9,63,000.

Which office handles property registrations for Tvs Emerald Hamlet?

The Neelankarai Sub Registrar Office handles property registrations for Tvs Emerald Hamlet, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Karapakkam?

The median guideline value for streets in Karapakkam is Rs 1,700 per sq.ft, while Tvs Emerald Hamlet's current value is significantly higher at Rs 10,700 per sq.ft.