Guideline Value for ELANGOADIGAL STREET (WARD-20)

Elangoadigal Street (Ward-20) guideline value

The current guideline value of Elangoadigal Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram 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

The guideline value for Elangoadigal Street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and further rose to Rs 881 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the value saw a decrease of 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, placing Elangoadigal Street's current value above this median.

• 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 881 per sq.ft (2024)
• Chennai Green Arlade: Rs 770 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 881 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 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total to Rs 79,290. It is important to note that the 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 details.

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

The Chengleput Joint II Sub Registrar Office covers Elangoadigal Street (Ward-20). The office is 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 Thailavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Thailavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of the sale. This helps maintain transparency in property transactions within 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 881 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 881 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 Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the true value of the property being transacted.