Guideline Value for Elango Street

Elango Street guideline value

The current guideline value of Elango Street in Oragadam village, under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Elango Street has changed

The guideline value for Elango Street has seen significant changes over the years. In 2002, the value was Rs 178 per sq.ft, which increased to Rs 192 per sq.ft in 2003. The value then rose dramatically to Rs 500 per sq.ft in 2007, marking an increase of 160%. Following this, the value surged to Rs 1,800 per sq.ft in 2012, a remarkable 260% increase from the previous revision. However, it then dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%. The value continued to rise, reaching Rs 1,800 per sq.ft in 2023, and finally, it is now Rs 1,900 per sq.ft in 2024, reflecting a 6% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 967%. The register has no figures for the years not mentioned above.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Elango Street's 2024 figure below that median.

• E.B.Street: Rs 1,600 per sq.ft (2024)
• Elumalai mesthri Street(Banu nagar): Rs 2,200 per sq.ft (2024)
• Erikkarai Street(Main Road): Rs 1,600 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Duraisamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• E.V.R. Periyar Avenue(banunagar west): 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to 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 Elango Street?

The Sub Registrar Office that covers Elango Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elango Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 178 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, which is an overall increase of 967%.

What is the stamp duty rate for properties in Elango Street?

The stamp duty rate for properties in Elango Street is 7%, which is calculated on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Elango Street?

The Ambattur Sub Registrar Office covers Elango Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

Where can I find more information about guideline values in Oragadam?

More information about guideline values in Oragadam can be found in the registration department's guideline value register (TNReginet) and through the links provided for other streets in Oragadam.