Guideline Value for Ellammal Nagar

Ellammal Nagar guideline value

The current guideline value of Ellammal Nagar is Rs 270 per sq.ft, effective from 1 July 2024. This area is located in Pinchivakkam village under the Perambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Ellammal Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Ellammal Nagar. The 2023 revision recorded a guideline value of Rs 270 per sq.ft, which remains the same in the 2024 revision, indicating no change between these two years.

The current guideline value of Rs 270 per sq.ft has been consistent since the 2023 revision. The 2024 revision, effective from 1 July 2024, maintains this value, reflecting a change of +0% from the previous year.

Guideline values in Pinchivakkam

In Pinchivakkam, there are seven streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 270 to Rs 600 per sq.ft. The median guideline value in this area is Rs 469 per sq.ft, placing Ellammal Nagar's value below this median.

• Mount Sinai: Rs 469 per sq.ft (2024)
• Palani Nagar: Rs 600 per sq.ft (2024)
• Srinidhi Avenue: Rs 300 per sq.ft (2024)
• V.Nest: Rs 270 per sq.ft (2024)
• Srinivasa Avenue Part I: Rs 600 per sq.ft (2024)
• Srinivasa Avenue Part II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ellammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 270 per sq.ft, the total guideline value amounts to Rs 2,70,000. The stamp duty at 7% would be Rs 18,900, and the registration fee at 2% would be Rs 5,400, resulting in a total of Rs 24,300. 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 Ellammal Nagar?

The Sub Registrar Office covering Ellammal Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pinchivakkam. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property, ensuring that these fees are calculated based on the official value set by the Registration Department.

When buying or selling property, the guideline value helps establish a baseline for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ellammal Nagar?

The current guideline value of Ellammal Nagar is Rs 270 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained at Rs 270 per sq.ft since the 2023 revision.

What is the land classification for Ellammal Nagar?

Ellammal Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Ellammal Nagar?

The total stamp duty for a property valued at Rs 2,70,000 is Rs 18,900, and the registration fee is Rs 5,400, bringing the total fees to Rs 24,300.

Which office handles registrations for Ellammal Nagar?

The Perambakkam Sub Registrar Office handles registrations for Ellammal Nagar, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai.