Guideline Value for TVS Emerald Flourish

TVS Emerald Flourish guideline value

The current guideline value of TVS Emerald Flourish is Rs 1,850 per sq.ft, effective from 1 July 2024. This property is located in Salamangalam village, under the Sriperumpudur SRO, and is classified as Mixed Type - III land.

How the guideline value of TVS Emerald Flourish has changed

Over the years, the guideline value for TVS Emerald Flourish has seen several revisions. The 2012 revision set the value at Rs 1,850 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,850 per sq.ft. The next revision in 2024 maintained this value at Rs 1,850 per sq.ft, resulting in no percentage change from 2023 to 2024.

Prior to 2012, the guideline value was Rs 1,239 per sq.ft in 2017, which marked a significant increase of 49% from the previous revision. The 2012 figure had decreased by 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has remained stable, with a total change of 0%.

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's 2024 figure above this median.

• Tvs Emerald Flourish Phase-III: Rs 3,100 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,850 per sq.ft, the total guideline value would be Rs 18,50,000. The stamp duty at 7% would amount to Rs 1,29,500, and the registration fee at 2% would be Rs 37,000, bringing the total fees together to Rs 1,66,500. 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 Flourish?

The Sub Registrar Office that covers TVS Emerald Flourish is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Salamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a price that reflects the current market conditions as per the official register. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for TVS Emerald Flourish?

The current guideline value for TVS Emerald Flourish is Rs 1,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,850 per sq.ft since 2012, with a notable increase of 49% from Rs 1,239 per sq.ft in 2017 to 2023, but no change from 2023 to 2024.

What is the median guideline value for streets in Salamangalam?

The median guideline value for streets in Salamangalam is Rs 500 per sq.ft, with TVS Emerald Flourish's value being above this median.

What are the stamp duty and registration fees for a property in TVS Emerald Flourish?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,50,000. The stamp duty would be Rs 1,29,500 and the registration fee would be Rs 37,000, totaling Rs 1,66,500.

Which office handles the registration for TVS Emerald Flourish?

The Sriperumpudur Sub Registrar Office handles the registration for TVS Emerald Flourish, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.