Guideline Value for Elangovadigal Street

Elangovadigal Street guideline value

The current guideline value of Elangovadigal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Elangovadigal Street has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The current value of Rs 1,100 per sq.ft is below the median guideline value of Rs 1,320 per sq.ft for the 299 streets in Pozhichalur under the Pammal SRO.

Guideline values in Pozhichalur

In Pozhichalur, the guideline values for various streets range from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, indicating that Elangovadigal Street's 2024 guideline value is below this median.

• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Ekambaram Street: Rs 1,100 per sq.ft (2024)
• E.C.T.V Nagar: Rs 1,320 per sq.ft (2024)
• Ellarajamanickam Street: Rs 2,200 per sq.ft (2024)
• ErattaiMalai Srinivasan Stree: Rs 1,100 per sq.ft (2024)
• Erusappan Street Divyadass Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Elangovadigal Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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 more details.

Which Sub Registrar Office covers Elangovadigal Street?

The Sub Registrar Office that covers Elangovadigal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property in Pozhichalur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction adheres to local regulations.

During the registration process, the buyer and seller must agree on the sale price, but the stamp duty and registration fees will be based on the higher of the sale price or the guideline value. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elangovadigal Street?

The current guideline value of Elangovadigal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64%.

What other streets have the same guideline value as Elangovadigal Street?

Other streets in Pozhichalur with the same guideline value of Rs 1,100 per sq.ft in 2024 include Elangovan Street, Ekambaram Street, ErattaiMalai Srinivasan Stree, and Erusappan Street Divyadass Nagar.

Where can I find the registration office for Elangovadigal Street?

The registration office for Elangovadigal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pozhichalur?

Stamp duty for properties in Pozhichalur is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.