Guideline Value for Elangovan Street

Elangovan Street guideline value

The current guideline value of Elangovan Street, located in Kovilpathagai village, under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Elangovan Street has changed

The guideline value for Elangovan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 800 per sq.ft in the 2023 revision, and further rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Elangovan Street's 2024 figure above that median.

• East Maada Street: Rs 880 per sq.ft (2024)
• Eswari Avanue: Rs 880 per sq.ft (2024)
• Duraikannu Street: Rs 880 per sq.ft (2024)
• Frances Colony: Rs 880 per sq.ft (2024)
• Friends Colony: Rs 806 per sq.ft (2024)
• Friends Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Elangovan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total charges Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elangovan Street?

The Sub Registrar Office that covers Elangovan 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 Kovilpathagai

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the correct revenue based on the property's assessed value. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Elangovan Street?

The current guideline value of Elangovan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Elangovan Street?

Elangovan Street is classified under Residential Class II Type - I land classification.

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

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

What is the stamp duty for property in Elangovan Street?

The stamp duty for property in Elangovan Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 61,600.