Guideline Value

Corporate

Guideline Value for ELUMALAI MUDALIAR STREET

₹1320/sq.ft.

The guideline value for Elumalai Mudaliar Street in Thirumazhisai village (Poonamallee SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumazhisai

Village

Poonamallee

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Elumalai Mudaliar Street

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Elumalai Mudaliar Street guideline value

The current guideline value of Elumalai Mudaliar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village under the Poonamallee SRO, classified as Commercial Special Type - I.

How the guideline value of Elumalai Mudaliar Street has changed

The guideline value for Elumalai Mudaliar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which changed to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,320 per sq.ft in 2024, marking a 10% increase.

In total, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is the same as the guideline value for Elumalai Mudaliar Street.

Stamp duty and registration fee for property in Elumalai Mudaliar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elumalai Mudaliar Street?

The Sub Registrar Office covering Elumalai Mudaliar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is an important factor during property registration in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Elumalai Mudaliar Street?

The current guideline value of Elumalai Mudaliar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and currently Rs 1,320 per sq.ft in 2024.

What are the other streets in Thirumazhisai with similar guideline values?

Other streets in Thirumazhisai with similar guideline values include Ellappan Nagar and Fortune Springs Srinivasa Street, both at Rs 1,320 per sq.ft in 2024.

What is the registration fee for properties in Elumalai Mudaliar Street?

The registration fee for properties in Elumalai Mudaliar Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

Where can I find the Sub Registrar Office for Elumalai Mudaliar Street?

The Sub Registrar Office for Elumalai Mudaliar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.