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 Vallancheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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

The guideline value of Elangoadigal Street (Ward-20) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 800 per sq.ft in 2023, and finally, it rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

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

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 825 per sq.ft, placing Elangoadigal Street's 2024 figure 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)
• Evp Padma Avenue: 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 rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Vallancheri

The guideline value is an essential factor during the registration of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

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 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 (Ward-20)?

Elangoadigal Street (Ward-20) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Elangoadigal Street (Ward-20)?

The Sub Registrar 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 the stamp duty calculated for property transactions in Vallancheri?

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