Guideline Value for ELITE ESTATE

Elite Estate guideline value

The current guideline value of Elite Estate in Sirucheri village, under the Thiruporur SRO, is Rs 2,800 per sq.ft. This classification falls under Residential Special Type - V.

How the guideline value of Elite Estate has changed

According to the guideline value register, the revisions for Elite Estate began in 2002; however, there are no figures available for that year or for 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 2,800 per sq.ft, with no changes noted between the revisions.

As of now, the only available figure is from the 2023 revision. There are no guideline values recorded for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Sirucheri

Currently, there are no specific village figures available for Sirucheri. Elite Estate is one of the streets under the Thiruporur SRO. Unfortunately, there are no other streets in Sirucheri listed with guideline values.

Stamp duty and registration fee for property in Elite Estate

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees would total Rs 2,52,000. 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Elite Estate?

The Sub Registrar Office that covers Elite Estate is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sirucheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elite Estate?

The current guideline value of Elite Estate is Rs 2,800 per sq.ft, as per the 2023 revision.

Are there any previous guideline values for Elite Estate?

Yes, the guideline value register contains no figures for the years 2002, 2003, 2007, 2012, and 2017 for Elite Estate. The only available figure is from the 2023 revision.

What is the land classification of Elite Estate?

Elite Estate is classified as Residential Special Type - V, which indicates its intended use for residential purposes.

How is stamp duty calculated for property in Elite Estate?

Stamp duty for property in Elite Estate is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would amount to Rs 1,96,000 at the current guideline value.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in Elite Estate.