Guideline Value for Elangai Agathigal kudiyiruppu

Elangai Agathigal kudiyiruppu guideline value

The current guideline value of Elangai Agathigal kudiyiruppu is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Elangai Agathigal kudiyiruppu has changed

The guideline value for Elangai Agathigal kudiyiruppu has undergone several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 167% rise. However, in 2017, the value saw a decrease to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 193%. The changes between each revision highlight the fluctuations in the guideline value and how it has evolved over time.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Elangai Agathigal kudiyiruppu is below this median.

• Elango Street: Rs 2,200 per sq.ft (2024)
• Eashwar Colony: Rs 4,400 per sq.ft (2024)
• DTE Colony: Rs 3,900 per sq.ft (2024)
• Dr.PANDIYAN ROAD: Rs 3,900 per sq.ft (2024)
• Dr Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Elangai Agathigal kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elangai Agathigal kudiyiruppu?

The Elangai Agathigal kudiyiruppu area falls under the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Elangai Agathigal kudiyiruppu?

The current guideline value of Elangai Agathigal kudiyiruppu is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Thalakanancherry with their guideline values?

Other streets in Thalakanancherry include Elango Street at Rs 2,200 per sq.ft, Eashwar Colony at Rs 4,400 per sq.ft, and DTE Colony at Rs 3,900 per sq.ft, among others.

What is the stamp duty for property in Elangai Agathigal kudiyiruppu?

The stamp duty for property in Elangai Agathigal kudiyiruppu is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000.

Which office handles registrations for Elangai Agathigal kudiyiruppu?

The Alandur Sub Registrar Office handles registrations for Elangai Agathigal kudiyiruppu, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.