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Guideline Value

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Guideline Value for ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road)

₹4400/sq.ft.

The guideline value for Elango Nagar Main Road (moorthy Nagar Main Road) 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 ₹900 /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 Main Road (moorthy Nagar Main Road)

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ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road) guideline value

The current guideline value of ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road) 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 MAIN ROAD (Moorthy Nagar Main Road) has changed

The guideline value for ELANGO NAGAR MAIN ROAD has seen several changes over the years. In the 2007 revision, the value was Rs 900 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision marked a return to Rs 4,000 per sq.ft, with the current 2024 revision showing a further increase to Rs 4,400 per sq.ft, representing a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 reflected a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 344%. Overall, from 2007 to 2024, the guideline value has increased by 389%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village has 354 streets under the Villivakkam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, and ELANGO NAGAR MAIN ROAD's 2024 figure is above this median.

Stamp duty and registration fee for property in ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road)

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 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 details.

Which Sub Registrar Office covers ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road)?

The Sub Registrar Office that covers ELANGO NAGAR MAIN ROAD 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padi. It determines the minimum value at which a property can be registered, and the stamp duty and registration fees are calculated based on this value.

When a property is sold, the buyer must pay the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of ELANGO NAGAR MAIN ROAD?

The current guideline value of ELANGO NAGAR MAIN ROAD (Moorthy Nagar Main Road) 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 significantly from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with several revisions in between showing increases and decreases.

What is the median guideline value in Padi?

The median guideline value for streets in Padi is Rs 3,800 per sq.ft, with ELANGO NAGAR MAIN ROAD's value being above this median.

What are the stamp duty rates for property in ELANGO NAGAR MAIN ROAD?

The stamp duty for property in ELANGO NAGAR MAIN ROAD is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for ELANGO NAGAR MAIN ROAD?

The Sub Registrar Office covering ELANGO NAGAR MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.