Guideline Value for ELLAPPA NAGAR

Ellappa Nagar guideline value

The current guideline value of Ellappa Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under Kizhnallathur & Melnallathur village and is classified as Residential Class I Type - II. The registration for this area is managed by the Manavalanagar SRO.

How the guideline value of Ellappa Nagar has changed

Looking at the historical revisions, the guideline value for Ellappa Nagar was Rs 250 per sq.ft in 2023 and remains the same in 2024, showing no change between these two years. Prior to that, in 2017, the value was Rs 167 per sq.ft, indicating a 50% increase to Rs 250 in 2023. The 2012 revision also recorded Rs 250 per sq.ft, but there was a decrease of 33% to Rs 167 in 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 250 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with the median value being Rs 250 per sq.ft. The guideline value for Ellappa Nagar is equal to this median.

• Gandhi Nagar: Rs 250 per sq.ft (2024)
• Ganesh Ram Nagar: Rs 226 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 200 per sq.ft (2024)
• Gokul Garden: Rs 502 per sq.ft (2024)
• Kalavathi Nagar: Rs 200 per sq.ft (2024)
• Kansanbai Nagar: Rs 502 per sq.ft (2024)

Stamp duty and registration fee for property in Ellappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellappa Nagar?

The Sub Registrar Office that covers Ellappa Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor when registering property transactions in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in real estate dealings. Buyers and sellers must consider this value to accurately calculate their costs and comply with legal requirements.

Frequently asked questions

What is the current guideline value of Ellappa Nagar?

The current guideline value of Ellappa Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with Rs 250 per sq.ft in 2023 and 2024, Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the classification of land in Ellappa Nagar?

Ellappa Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Ellappa Nagar?

The Sub Registrar Office for Ellappa Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.

How is the stamp duty calculated for property in Ellappa Nagar?

Stamp duty for property in Ellappa Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.