Guideline Value for Elango Cross Street, Anna Nagar

Elango Cross Street, Anna Nagar guideline value

The current guideline value of Elango Cross Street, Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Commercial Class I Type - II.

How the guideline value of Elango Cross Street, Anna Nagar has changed

The guideline value for Elango Cross Street has seen significant changes over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Elango Cross Street's 2024 figure above the median.

• Ekambaram Street (Pasumpon Nagar): Rs 2,475 per sq.ft (2024)
• Ekambaram Street, Pammal: Rs 2,475 per sq.ft (2024)
• Ekambaram Street (Gokulam Colony): Rs 2,750 per sq.ft (2024)
• Ellango Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Ellango Street (Hindustan Lever Colony): Rs 2,750 per sq.ft (2024)
• Ellango Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Cross Street, Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elango Cross Street, Anna Nagar?

The Sub Registrar Office that covers Elango Cross Street, Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Elango Cross Street, Anna Nagar?

The current guideline value of Elango Cross Street, Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Pammal with guideline values?

Other streets in Pammal include Ekambaram Street (Pasumpon Nagar) and Ekambaram Street, Pammal, both at Rs 2,475 per sq.ft, and Ellango Street (Anna Nagar), which is also at Rs 2,750 per sq.ft.

What is the stamp duty rate in Pammal?

The stamp duty rate in Pammal is 7%, which is applied to the higher of the guideline value or the sale price during property registration.

Where can I find the Sub Registrar Office for Elango Cross Street?

The Sub Registrar Office for Elango Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.