Guideline Value

Corporate

Guideline Value for ELIM NAGAR 1ST MAIN ROAD

₹3300/sq.ft.

The guideline value for Elim Nagar 1st Main Road 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 Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Elim Nagar 1st Main Road guideline value

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

How the guideline value of Elim Nagar 1st Main Road has changed

The guideline value for Elim Nagar 1st Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 233 per sq.ft. This increased to Rs 420 per sq.ft in 2003, marking an increase of 80%. The next revision in 2007 saw a substantial rise to Rs 1,452 per sq.ft, which was an increase of 246%. In 2012, the value was Rs 3,000 per sq.ft, reflecting a significant increase of 107% from the previous revision. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The next revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and finally, the most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,316% for Elim Nagar 1st Main Road. There are no figures available for any other years for this street in the register.

Guideline values in Perungudi

In Perungudi, 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 current value of Elim Nagar 1st Main Road.

Stamp duty and registration fee for property in Elim Nagar 1st Main Road

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

Which Sub Registrar Office covers Elim Nagar 1st Main Road?

The Sub Registrar Office that covers Elim Nagar 1st Main Road 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 details.

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

The guideline value is a crucial factor when registering property transactions in Perungudi. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value helps determine the minimum price at which the property can be registered. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Elim Nagar 1st Main Road?

The current guideline value of Elim Nagar 1st Main Road 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 changed from Rs 233 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting significant increases and a few decreases over the years.

What is the land classification for Elim Nagar 1st Main Road?

Elim Nagar 1st Main Road is classified as Residential Class II Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.