Guideline Value for ELUMALAI GARDEN

Elumalai Garden guideline value

The current guideline value for Elumalai Garden, located in Ikkadu village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft. This value is effective from the 2024 revision, which takes effect on 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Elumalai Garden has changed

In the 2023 revision, the guideline value for Elumalai Garden was Rs 626 per sq.ft. The 2024 revision also lists the same value of Rs 626 per sq.ft, indicating no change between these two revisions. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

Thus, the only recorded revisions for Elumalai Garden are from 2023 and 2024, both standing at Rs 626 per sq.ft, with a change of +0% from the previous year. The consistency in the guideline value reflects stability in this locality.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,400 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, which means Elumalai Garden's 2024 figure is above that median.

• G.G. Nagar: Rs 400 per sq.ft (2024)
• Gomathi Amman Nagar Annex- Xx: Rs 300 per sq.ft (2024)
• Jaihind Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Kalyana Kuppam Street: Rs 300 per sq.ft (2024)
• ArunaChalam Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Elumalai Garden?

The Sub Registrar Office that covers Elumalai Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Ikkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers and sellers to be aware of the guideline value to avoid disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Elumalai Garden?

The current guideline value of Elumalai Garden is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Elumalai Garden from 2023 to 2024, as it remains at Rs 626 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Elumalai Garden?

The land classification for Elumalai Garden is Residential Class V Type - I, indicating its suitability for residential purposes.

How is stamp duty calculated for properties in Elumalai Garden?

Stamp duty for properties in Elumalai Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Sub Registrar Office for Elumalai Garden located?

The Sub Registrar Office for Elumalai Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.