Guideline Value for ELANGO NAGAR

Elango Nagar guideline value

The current guideline value of Elango Nagar, located in Ariyanvoyal village under the Ponneri SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Elango Nagar has changed

Over the years, the guideline value of Elango Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision marked an increase to Rs 300 per sq.ft, and the most recent 2024 revision further increased it to Rs 330 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures recorded for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with a median of Rs 330 per sq.ft. Elango Nagar's 2024 figure aligns with this median value.

• Ganesh Nagar: Rs 330 per sq.ft (2024)
• Danal Thangavel Nagar: Rs 330 per sq.ft (2024)
• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)
• Jegan Nagra: Rs 330 per sq.ft (2024)
• Babu Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is calculated at 7%, which equals Rs 23,100, while the registration fee at 2% amounts to Rs 6,600. Therefore, the total cost for stamp duty and registration fee together is Rs 29,700. Remember, 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 details.

Which Sub Registrar Office covers Elango Nagar?

The Sub Registrar Office that covers Elango Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ariyanvoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elango Nagar?

The current guideline value of Elango Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Elango Nagar has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Elango Nagar?

Elango Nagar is classified as Residential Class II Type - I, which indicates the type of development allowed in this area.

Where can I find more information about the Ponneri SRO?

You can find more information about the Ponneri Sub Registrar Office, which covers Elango Nagar, at their office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft incurs a total guideline value of Rs 3,30,000, leading to specific fees.