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Guideline Value

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Guideline Value for ELANGO NAGAR 1st STREET

₹4400/sq.ft.

The guideline value for Elango Nagar 1st Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Elango Nagar 1st Street

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ELANGO NAGAR 1st STREET guideline value

The current guideline value of ELANGO NAGAR 1st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class III Type - III.

How the guideline value of ELANGO NAGAR 1st STREET has changed

Starting from the 2007 revision, the guideline value was Rs 850 per sq.ft. It saw a significant increase to Rs 4,000 per sq.ft in 2012, marking a rise of 371%. However, by 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 418%.

The revisions for the years 2002 and 2003 do not have figures listed for this street in the register. The 2017 revision was Rs 2,680 per sq.ft, and the 2023 revision was Rs 4,000 per sq.ft, leading to a substantial increase of 49% in that period.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as per the 2024 revision. The median value for these streets is Rs 3,800 per sq.ft, and ELANGO NAGAR 1st STREET's 2024 guideline value is above this median.

Stamp duty and registration fee for property in ELANGO NAGAR 1st STREET

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers ELANGO NAGAR 1st STREET?

The Sub Registrar Office that covers ELANGO NAGAR 1st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Padi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall transaction costs. Buyers should consider this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of ELANGO NAGAR 1st STREET?

The current guideline value of ELANGO NAGAR 1st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 418%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office should I contact for registration in ELANGO NAGAR 1st STREET?

The Villivakkam Sub Registrar Office is responsible for registrations in ELANGO NAGAR 1st STREET. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value when buying property?

The guideline value is used as a benchmark for property registration, determining the minimum value for registration and influencing the applicable stamp duty and registration fees.