Guideline Value for Dinesh Nagar Elango Street

Dinesh Nagar Elango Street guideline value

The current guideline value for Dinesh Nagar Elango Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar Elango Street has changed

The guideline value for Dinesh Nagar Elango Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 62%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a guideline value for 2024, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is equal to the current value of Dinesh Nagar Elango Street.

• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Gandhi Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Balaji Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Sriram Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar Elango Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dinesh Nagar Elango Street?

The Sub Registrar Office that covers Dinesh Nagar Elango Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dinesh Nagar Elango Street?

The current guideline value of Dinesh Nagar Elango Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 62%, rising from Rs 804 per sq.ft to Rs 1,300 per sq.ft.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, which is the same as the current value for Dinesh Nagar Elango Street.

What are the registration fees for property in Dinesh Nagar Elango Street?

The registration fees for a property in Dinesh Nagar Elango Street include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Dinesh Nagar Elango Street?

The Konnur Sub Registrar Office handles the registration for Dinesh Nagar Elango Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.