Guideline Value for ELOR BEACH PLOTS

Elor Beach Plots guideline value

The current guideline value of Elor Beach Plots is Rs 4,000 per sq.ft, as per the 2023 revision. This property is located in Muttukadu village, under the Thiruporur SRO, with a land classification of Mixed Type - I.

How the guideline value of Elor Beach Plots has changed

The guideline value of Elor Beach Plots has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision marked a decrease to Rs 2,680 per sq.ft, representing a 33% decline from the previous figure. The most recent revision in 2023 reflects a significant increase of 49% from the 2017 value, bringing it back to Rs 4,000 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 4,000 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Muttukadu

Currently, there are no specific guideline values provided for other streets in Muttukadu. Elor Beach Plots is the only street mentioned under the Thiruporur SRO in the available data.

Stamp duty and registration fee for property in Elor Beach Plots

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty, calculated at 7%, would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total fees together to Rs 3,60,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Elor Beach Plots?

The Sub Registrar Office that covers Elor Beach Plots is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial element in the registration process for property transactions in Muttukadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are determined based on the higher of the guideline value or the actual sale price of the property, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Elor Beach Plots?

The current guideline value of Elor Beach Plots is Rs 4,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then back to Rs 4,000 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What are the stamp duty and registration fees for Elor Beach Plots?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 2,80,000 and the registration fee is Rs 80,000, totaling Rs 3,60,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Elor Beach Plots?

The Thiruporur Sub Registrar Office handles the registration for Elor Beach Plots. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Muttukadu with guideline values?

Currently, there are no specific guideline values provided for other streets in Muttukadu. Elor Beach Plots is the only street mentioned in the available data for the Thiruporur SRO.