Anmol Chana, 25 and from Smethwick, is due to appear in court on Thursday accused of killing 52-year-old Jasbir Kaur and her husband 51-year-old Rupinder Singh Bassan.
The couple were found dead at their home in Moat Road at around 4am on Tuesday when police forced their way into the couple's home after concerns were raised for their welfare.
They were pronounced dead at the scene having suffered serious injuries.
Post-mortems were due to be held on Thursday to establish the precise causes of death.
Chana was arrested from his home address in Hamilton Road, Smethwick, shortly after the couple were found dead and was charged with their murders on Wednesday afternoon.
He was set to appear before Birmingham Magistrates Court on Thursday morning.
The couple's Toyota Aygo, which had disappeared from their home address, was found on Wednesday morning in Smethwick after a member of the public responded to a West Midlands Police appeal to track down the car.
The car will now be examined by forensic experts.
Detective Inspector Hannah Whitehouse, who is leading the investigation, said: "I would like to thank people for the response to our appeal which has directly led us to recovering the car.
“We are continuing to support the family of Jasbir and Rupinder at this awful time."
Neighbours spoke of their shock after Jasbir and Rupinder were found dead at their house in Oldbury, near Q3 Academy, 5Star Day Nursery and Barnford Park.
Sylvia Unitt, of nearby Westmead Road, said: “It is a lovely quiet road, people bring children to the schools and nurseries, dog walkers in the park nearby. It’s so friendly and lovely round here.
“It is a lovely, friendly area. I have lived here all my life. Nothing like this has ever happened before. It is a complete shock.
“It’s terrible. Everyone is really shocked.”
A neighbour said: "It's normally very quiet around here. I have never seen anything like this before.
"I know the family who live there from seeing them out and about. but that is it. It is just really sad."
One resident said Moat Road and the surrounding area is normally "so quiet".
He added: "It is so peaceful around here, I have lived here for 11 years.
"It is so quiet, you would not expect this to happen. For Oldbury, this is probably millionaire's row.
"It is not what you expect on your doorstep."
Anyone with information about the Moat Road murders is urged to call West Midlands Police on 101.