Guideline Value

Corporate

Guideline Value for ELIM NAGAR 1ST CROSS STREET

₹3300/sq.ft.

The guideline value for Elim Nagar 1st Cross Street in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1452 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹420 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹233 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Elim Nagar 1st Cross Street

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Elim Nagar 1st Cross Street guideline value

The current guideline value of Elim Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Elim Nagar 1st Cross Street has changed

Since the 2002 revision, the guideline value for Elim Nagar 1st Cross Street has seen significant changes. In 2002, the value was Rs 233 per sq.ft. It increased to Rs 420 per sq.ft in 2003, marking an increase of 80%. The value continued to rise, reaching Rs 1,452 per sq.ft in 2007, which was a 246% increase from the previous revision. By 2012, the value was Rs 3,000 per sq.ft, reflecting a 107% increase from 2007. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,316%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Elim Nagar 1st Cross Street.

Stamp duty and registration fee for property in Elim Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elim Nagar 1st Cross Street?

The Sub Registrar Office that covers Elim Nagar 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will be referenced to calculate the applicable duties. This ensures transparency and compliance with local regulations, protecting both buyers and sellers in the transaction process.

Frequently asked questions

What is the current guideline value for Elim Nagar 1st Cross Street?

The current guideline value for Elim Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 233 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,316% across the years.

What is the land classification for Elim Nagar 1st Cross Street?

Elim Nagar 1st Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Elim Nagar 1st Cross Street?

The Neelankarai Sub Registrar Office covers Elim Nagar 1st Cross Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Elim Nagar 1st Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.