Guideline Value for EL DORADO

El Dorado guideline value

The current guideline value of El Dorado, located in Ponmar village under the Gooduvancheri SRO, is Rs 536 per sq.ft. The land classification for this area is Residential Class III Type - II.

How the guideline value of El Dorado has changed

According to the guideline value register, the most recent revision for El Dorado was in 2023, where the guideline value was set at Rs 536 per sq.ft. This figure remained unchanged from the 2017 revision, which also recorded a guideline value of Rs 536 per sq.ft.

For the years 2024, 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only revisions available for El Dorado are from 2017 and 2023, both reflecting the same guideline value.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. El Dorado is situated within this village, and there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in El Dorado

For a 1,000 sq.ft plot at the current guideline value of Rs 536 per sq.ft, the total guideline value amounts to Rs 5,36,000. The stamp duty at 7% would be Rs 37,520, while the registration fee at 2% would be Rs 10,720, leading to a total cost of Rs 48,240. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers El Dorado?

The Sub Registrar Office that covers El Dorado is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ponmar. It is the minimum value at which properties must be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value will determine the applicable charges. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, ensuring that the transaction reflects the true value of the property.

Frequently asked questions

What is the current guideline value of El Dorado?

The current guideline value of El Dorado is Rs 536 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for El Dorado has remained at Rs 536 per sq.ft since the 2017 revision and has not changed in the 2023 revision. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002.

What is the land classification for El Dorado?

El Dorado is classified as Residential Class III Type - II, which indicates its designated use for residential purposes.

How is stamp duty calculated for properties in El Dorado?

Stamp duty for properties in El Dorado is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Sub Registrar Office for El Dorado located?

The Sub Registrar Office covering El Dorado is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.