Guideline Value

Corporate

Guideline Value for Elango Nagar 4th Street

₹5500/sq.ft.

The guideline value for Elango Nagar 4th Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹389 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹351 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Elango Nagar 4th Street

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Elango Nagar 4th Street guideline value

The current guideline value of Elango Nagar 4th Street is Rs 5,500 per sq.ft, effective from the 1st of July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Elango Nagar 4th Street has changed

Over the years, the guideline value of Elango Nagar 4th Street has seen significant changes. The register shows that in 2002, the value was Rs 351 per sq.ft, which increased to Rs 389 per sq.ft in 2003. Following this, the value rose substantially to Rs 1,100 per sq.ft in 2007, and then to Rs 5,000 per sq.ft in 2012. However, there was a decline to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is +1467%. Specifically, the change from 2023 to 2024 is +10%, while the increase from 2017 to 2023 is +49%. The value dropped by -33% from 2012 to 2017, and saw a significant rise of +355% from 2007 to 2012. The increase from 2003 to 2007 was +183%, and from 2002 to 2003, it was +11%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Elango Nagar 4th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Elango Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Elango Nagar 4th Street?

The Sub Registrar Office that covers Elango Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

When buying or selling property in Virugambakkam, the guideline value is crucial for determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Elango Nagar 4th Street?

The current guideline value of Elango Nagar 4th Street is Rs 5,500 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 351 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of +1467%.

What is the land classification for Elango Nagar 4th Street?

Elango Nagar 4th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Elango Nagar 4th Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Elango Nagar 4th Street?

The Virugambakkam Sub Registrar Office covers Elango Nagar 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.