Guideline Value for Elango Street (Thiru Nagar)

Elango Street (Thiru Nagar) guideline value

The current guideline value of Elango Street (Thiru Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Elango Street (Thiru Nagar) has changed

The guideline value for Elango Street (Thiru Nagar) has seen significant changes over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 513%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Elango Street (Thiru Nagar).

• Elango Street (Muthurangam Block): Rs 4,100 per sq.ft (2024)
• Elango 4th Cross Street: Rs 4,100 per sq.ft (2024)
• Elango 3rd Cross Street: Rs 4,100 per sq.ft (2024)
• Elango 2nd Cross Street: Rs 4,100 per sq.ft (2024)
• Elango 1st Cross Street: Rs 4,100 per sq.ft (2024)
• Ellai Amman Koil Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Street (Thiru Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Elango Street (Thiru Nagar)?

The Sub Registrar Office that covers Elango Street (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair value as per the government regulations.

When a buyer or seller approaches the registration office, the guideline value is referred to for calculating the stamp duty and registration fees. This ensures that the fees are based on the guideline value or the sale price, whichever is higher, thereby maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Elango Street (Thiru Nagar)?

The current guideline value of Elango Street (Thiru Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 513% over the years.

What are the stamp duty and registration fees for property in Elango Street (Thiru Nagar)?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Elango Street (Thiru Nagar)?

The Ashok Nagar Sub Registrar Office covers Elango Street (Thiru Nagar), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Elango Street (Thiru Nagar)?

The land classification for Elango Street (Thiru Nagar) is Residential Class III Type - II, indicating its designation for residential use.