Guideline Value for ELANGOVAN ST

Elangovan St guideline value

The current guideline value of Elangovan St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Elangovan St has changed

The guideline value for Elangovan St has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 850 per sq.ft in the 2023 revision, and then further rose to the current value of Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Elangovan St.

• Erikarai St: Rs 935 per sq.ft (2024)
• Ethiraj Lane Moses St: Rs 1,310 per sq.ft (2024)
• Dr.Radhakrishna St: Rs 935 per sq.ft (2024)
• Gandhi 1st Cross St: Rs 1,625 per sq.ft (2024)
• Gandhi 2nd Cross St: Rs 1,625 per sq.ft (2024)
• Gandhi Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Elangovan St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees together to Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elangovan St?

The Elangovan St is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property transactions.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Elangovan St?

The current guideline value of Elangovan St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Elangovan St has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Elangovan St?

Elangovan St is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for Elangovan St?

The registration office for Elangovan St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at a rate of 7%.