Guideline Value for Elango Street

Elango Street guideline value

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

How the guideline value of Elango Street has changed

The guideline value for Elango Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 167% increase. However, the value then decreased to Rs 1,340 per sq.ft in the 2017 revision, a drop of 33%. The value saw a substantial rise to Rs 2,000 per sq.ft in the 2023 revision, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

It is worth noting that there are no figures available for Elango Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry 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. Elango Street's 2024 guideline value of Rs 2,200 per sq.ft is below this median.

• Elangai Agathigal kudiyiruppu: 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)
• Gandhi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Elango Street?

The Sub Registrar Office that covers Elango Street is 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 is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Elango Street?

The current guideline value of Elango Street 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 is the land classification for Elango Street?

Elango Street is classified as Residential Class II Type - III under the Alandur SRO.

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

The Sub Registrar Office for Elango Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property in Elango Street?

The stamp duty for property in Elango Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 22,00,000.