Guideline Value for ELANGOADIGAL STREET (WARD-20)

Elangoadigal Street (Ward-20) guideline value

The current guideline value of Elangoadigal Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Elangoadigal Street (Ward-20) has changed

The guideline value for Elangoadigal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. However, this figure saw a significant increase in the subsequent revisions, with the 2023 figure rising to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, placing Elangoadigal Street's 2024 value above the median.

• Elliyamman Kovil Street: Rs 660 per sq.ft (2024)
• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 880 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Elangoadigal Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Elangoadigal Street (Ward-20)?

The Sub Registrar Office that covers Elangoadigal Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements. The value helps both buyers and sellers understand the financial implications of their transactions, as it directly affects the costs associated with registration.

Frequently asked questions

What is the current guideline value of Elangoadigal Street?

The current guideline value of Elangoadigal Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Elangoadigal Street?

Elangoadigal Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Elangoadigal Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property in Elangoadigal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,80,000 would incur a stamp duty of Rs 61,600 at 7%.