Guideline Value for TVS EMERALD PENINSULA

Tvs Emerald Peninsula guideline value

The current guideline value for Tvs Emerald Peninsula in Manapakkam village is Rs 3,750 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class V Type - I.

How the guideline value of Tvs Emerald Peninsula has changed

As per the guideline value register, there have been no recorded figures for Tvs Emerald Peninsula in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also maintained the guideline value at Rs 3,750 per sq.ft. The latest revision in 2024 has kept the guideline value unchanged at Rs 3,750 per sq.ft, reflecting a 0% change from the previous year.

Thus, the guideline value of Tvs Emerald Peninsula has remained consistent at Rs 3,750 per sq.ft from 2023 to 2024, indicating stability in this segment. The absence of figures in earlier revisions suggests that the property has not been evaluated for guideline value in those years.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Tvs Emerald Peninsula's 2024 figure above this median.

• Vadivel Mudaliyar Colony: Rs 2,200 per sq.ft (2024)
• Thunai Sugathara Nilayam Salai: Rs 2,200 per sq.ft (2024)
• Valleswaran Koil Street: Rs 2,200 per sq.ft (2024)
• Thulukathamman Koil 3rd Street: Rs 1,650 per sq.ft (2024)
• Thulukathamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)
• Thulukathamman Koil 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald Peninsula

For a 1,000 sq.ft plot at the current guideline value of Rs 3,750 per sq.ft, the total guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, bringing the total to Rs 3,37,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tvs Emerald Peninsula?

The Tvs Emerald Peninsula is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Manapakkam. It is used to determine the stamp duty and registration fees, which are essential costs when buying or selling property in the area.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure compliance with legal requirements. This value is pivotal in calculating the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value for Tvs Emerald Peninsula?

The current guideline value for Tvs Emerald Peninsula is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,750 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for earlier revisions from 2002 to 2017.

What is the land classification for Tvs Emerald Peninsula?

Tvs Emerald Peninsula is classified as Residential Class V Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 37,50,000, the stamp duty would be Rs 2,62,500 and the registration fee would be Rs 75,000, totaling Rs 3,37,500.

Where can I find the Sub Registrar Office for Tvs Emerald Peninsula?

The Sub Registrar Office covering Tvs Emerald Peninsula is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.