Guideline Value for Elango Street

Elango Street guideline value

The current guideline value of Elango Street in Molachoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Elango Street has changed

The guideline value for Elango Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision had a lower value of Rs 402 per sq.ft, marking a decrease of 33% from the 2012 figure. Notably, there were no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%, but overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, which is the same as the guideline value for Elango Street.

• Eswar Avenue: Rs 605 per sq.ft (2024)
• ETR Avenue: Rs 1,200 per sq.ft (2024)
• Fathima Nagar: Rs 600 per sq.ft (2024)
• Dream Land Nagar: Rs 605 per sq.ft (2024)
• Domnic Nagar: Rs 605 per sq.ft (2024)
• Doctor Ambethkar Street: Rs 700 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that 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 details.

Which Sub Registrar Office covers Elango Street?

The Sub Registrar Office that covers Elango Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may affect their overall costs during the registration process.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential for both buyers and sellers to understand the guideline value to ensure compliance with local regulations and to accurately assess their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Elango Street?

The current guideline value of Elango Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a previous drop to Rs 402 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for Elango Street?

Elango Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for properties in Elango Street?

For a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Elango Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Elango Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.