Guideline Value for TVS EMERALD

Tvs Emerald guideline value

The current guideline value of Tvs Emerald in Zaminpallavaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Commercial Class I Type - III.

How the guideline value of Tvs Emerald has changed

The guideline value for Tvs Emerald has seen several revisions over the years. The most recent change was in 2024, where it increased to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023, marking a 10% increase. Prior to this, there was no change from 2017 to 2023, where the value remained at Rs 4,000 per sq.ft.

Looking further back, the guideline value has not changed from 2017 to 2023, but from 2017 to 2024, there has been an overall increase of 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Tvs Emerald's 2024 figure above this median.

• T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road): Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road): Rs 3,300 per sq.ft (2024)
• T.S.Lakshmanan Nagar: Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan 2nd Street: Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan 1st Street: Rs 3,300 per sq.ft (2024)
• Union Carbide Colony: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Tvs Emerald

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Tvs Emerald?

The Tvs Emerald property is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tvs Emerald?

The current guideline value of Tvs Emerald is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 4,000 per sq.ft from 2017 to 2023, but increased by 10% to Rs 4,400 per sq.ft in 2024.

What are the guideline values for other streets in Zaminpallavaram?

Other streets in Zaminpallavaram have guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft.

What fees are associated with buying property in Tvs Emerald?

When buying property in Tvs Emerald, stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Pallavaram Sub Registrar Office can be found at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can also find more details by visiting the link provided.