Guideline Value for Elango Theru

Elango Theru guideline value

The current guideline value of Elango Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Elango Theru has changed

The guideline value for Elango Theru has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value significantly increased by 49%, reaching Rs 1,800 per sq.ft. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing Elango Theru's 2024 figure below this median.

• Ebinezar Nagar: Rs 1,650 per sq.ft (2024)
• Emarald Apartments: Rs 2,640 per sq.ft (2024)
• EB Colony: Rs 2,640 per sq.ft (2024)
• Erikkarai Theru: Rs 1,650 per sq.ft (2024)
• Durga Theru: Rs 1,650 per sq.ft (2024)
• Ethirasan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Elango Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elango Theru?

The Sub Registrar Office that covers Elango Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Perungalathur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions are transparent and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Elango Theru?

The current guideline value of Elango Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Elango Theru?

Elango Theru is classified as Residential Class III Type - I.

Where can I find the registration office for Elango Theru?

The registration office for Elango Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Elango Theru?

Stamp duty for properties in Elango Theru is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.