Guideline Value for ELUMALAI NAGAR

Elumalai Nagar guideline value

The current guideline value of Elumalai Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Pariri village under the Chengleput Joint II SRO, with a land classification of Mixed Special Type - I.

How the guideline value of Elumalai Nagar has changed

The guideline value for Elumalai Nagar has remained consistent at Rs 700 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was a change of +0%, indicating no increase in the guideline value during this period. The previous revisions also did not provide any figures for this street, confirming the stability of the current rate.

Guideline values in Pariri

In Pariri village, there are 8 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 700 per sq.ft, making Elumalai Nagar's 2024 figure equal to this median.

• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Barathi Nagar: Rs 700 per sq.ft (2024)
• Jeeva Nagar: Rs 1,000 per sq.ft (2024)
• Arunachala Nagar: Rs 700 per sq.ft (2024)
• Parasakthi Nagar: Rs 700 per sq.ft (2024)
• Sri Baba Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elumalai Nagar?

The Sub Registrar Office that covers Elumalai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pariri, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the 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 Elumalai Nagar?

The current guideline value of Elumalai Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Elumalai Nagar has remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions. There are no figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Pariri?

Other streets in Pariri have guideline values ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is the same as the value for Elumalai Nagar.

How is stamp duty calculated for properties in Elumalai Nagar?

Stamp duty for properties in Elumalai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000.

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

The Sub Registrar Office covering Elumalai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.