Guideline Value for A.N. ELUMALAI SALAI

A.N. Elumalai Salai guideline value

The current guideline value of A.N. Elumalai Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of A.N. Elumalai Salai has changed

The guideline value for A.N. Elumalai Salai has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 brought the value up to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The largest increase occurred between 2017 and 2023, with a rise of 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. A.N. Elumalai Salai's 2024 guideline value of Rs 3,300 per sq.ft is above this median.

• Amman Koil Street: Rs 1,980 per sq.ft (2024)
• Agraharam Mettu Street: Rs 1,980 per sq.ft (2024)
• Ashok Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Ashok Brindavan Nagarextn.,: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in A.N. Elumalai Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers A.N. Elumalai Salai?

The Sub Registrar Office that covers A.N. Elumalai Salai is 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.N. Elumalai Salai?

The current guideline value of A.N. Elumalai Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for A.N. Elumalai Salai has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for A.N. Elumalai Salai?

A.N. Elumalai Salai is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable for property in A.N. Elumalai Salai?

The stamp duty for property transactions in A.N. Elumalai Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.N. Elumalai Salai?

The Sub Registrar Office for A.N. Elumalai Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.