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 Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

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

Looking at the revisions over the years, the guideline value for Elangoadigal Street (Ward-20) has seen several changes. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, there was a significant increase to Rs 800 per sq.ft in 2023, and then a further rise to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, making Elangoadigal Street's 2024 figure of Rs 880 per sq.ft above the median.

• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• E.V.P Estate, Vallancheri (Ward -1): Rs 1,651 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Dac Urban Park: Rs 2,970 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 880 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 1,100 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 rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This helps in maintaining a standardized approach to property valuation across the region.

Frequently asked questions

What is the current guideline value of Elangoadigal Street (Ward-20)?

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 are the other streets in Potheri with their guideline values?

Other streets in Potheri include Ettiamman Koil Street at Rs 770 per sq.ft, E.V.P Estate at Rs 1,651 per sq.ft, Gandhi Street at Rs 660 per sq.ft, Dac Urban Park at Rs 2,970 per sq.ft, Gokulam Colony at Rs 880 per sq.ft, and Gopula Krishna Nagar at Rs 1,100 per sq.ft.

What is the registration office for Elangoadigal Street?

The registration office for Elangoadigal Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be 7% of that amount.