Guideline Value for ELA RAJAMANICKAM STREET

Ela Rajamanickam Street guideline value

The current guideline value of Ela Rajamanickam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ela Rajamanickam Street has changed

The guideline value for Ela Rajamanickam Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. With the 2024 revision, it has increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. The only figures recorded in the register are from the 2017 and 2024 revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ela Rajamanickam Street's 2024 guideline value aligns with this median.

• Elcot Avenue 1st Street: Rs 5,000 per sq.ft (2024)
• Elcot Avenue Main Road: Rs 5,000 per sq.ft (2024)
• Elcot Avenue Main Street Extension: Rs 5,000 per sq.ft (2024)
• Ekambaram Street: Rs 2,800 per sq.ft (2024)
• Ellammal Thottam: Rs 1,700 per sq.ft (2024)
• Ellen Sharma School Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ela Rajamanickam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please 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 Ela Rajamanickam Street?

The Sub Registrar Office that covers Ela Rajamanickam Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO online for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately in the official registers. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Ela Rajamanickam Street?

The current guideline value of Ela Rajamanickam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any revisions with no figures for Ela Rajamanickam Street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Ela Rajamanickam Street.

What is the land classification for Ela Rajamanickam Street?

Ela Rajamanickam Street is classified as Residential Class II Type - III.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.