Guideline Value for ELANGO STREET

Elango Street guideline value

The current guideline value of Elango Street in Zaminpallavaram village is Rs 2,100 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Elango Street has changed

The guideline value for Elango Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a -33% change. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,100 per sq.ft in 2024, reflecting a +5% change from the previous year.

From 2012 to 2024, the overall change in guideline value is +5%. The register does not provide figures for the years 2002, 2003, and 2007 for Elango Street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Elango Street's 2024 figure below this median.

• Easwari Nagar: Rs 2,100 per sq.ft (2024)
• Elumalai Maistry Street: Rs 2,100 per sq.ft (2024)
• Elumalai Nagar: Rs 3,520 per sq.ft (2024)
• Elumalai Street: Rs 3,520 per sq.ft (2024)
• Emanuvel Street: Rs 3,520 per sq.ft (2024)
• Easwaran Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elango Street?

The Sub Registrar Office that covers Elango Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the relevant fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Elango Street?

The current guideline value of Elango Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What are the other streets in Zaminpallavaram with their guideline values?

Other streets in Zaminpallavaram include Easwari Nagar and Elumalai Maistry Street, both at Rs 2,100 per sq.ft in 2024, as well as Elumalai Nagar, Elumalai Street, and Emanuvel Street, which are valued at Rs 3,520 per sq.ft.

What is the registration fee for property in Elango Street?

The registration fee for property in Elango Street is calculated based on the guideline value. For example, for a property valued at Rs 21,00,000, the registration fee would be Rs 42,000 at 2%.

Where is the Sub Registrar Office for Elango Street located?

The Sub Registrar Office covering Elango Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.