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Guideline Value

Corporate

Guideline Value for ELANGO NAGAR 4TH STREET

₹4400/sq.ft.

The guideline value for Elango Nagar 4th 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 N/A
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 4th Street

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Elango Nagar 4th Street guideline value

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

How the guideline value of Elango Nagar 4th Street has changed

Over the years, the guideline value for Elango Nagar 4th Street has experienced several revisions. The 2012 revision recorded a guideline value of Rs 4,000 per sq.ft, which was then decreased to Rs 2,680 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, the value rebounded in the 2023 revision to Rs 4,000 per sq.ft, and further increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

To summarize the changes: from 2012 to 2017, there was a decrease of 33%, followed by a 49% increase from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for Elango Nagar 4th Street is above this median.

Stamp duty and registration fee for property in Elango Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Elango Nagar 4th Street?

The Sub Registrar Office that covers Elango Nagar 4th 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 additional information.

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

The guideline value serves as a reference point for property transactions in Padi. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that all parties are aware of the financial obligations involved in the transaction.

At the time of registration, the guideline value is considered to ensure that the property is valued correctly for taxation purposes. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Elango Nagar 4th Street?

The current guideline value of Elango Nagar 4th 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the classification of Elango Nagar 4th Street?

Elango Nagar 4th Street is classified as Residential Class III Type - III.

Where can I find the Sub Registrar Office for Elango Nagar 4th Street?

The Villivakkam Sub Registrar Office covers Elango Nagar 4th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Elango Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.