Guideline Value

Corporate

Guideline Value for Elliots Beach Road

₹12700/sq.ft.

The guideline value for Elliots Beach Road in Urur village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Elliots Beach Road

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Elliots Beach Road guideline value

The current guideline value of Elliots Beach Road is Rs 12,700 per sq.ft, effective from 1 July 2024. This road is located in Urur village under the Adayar Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Elliots Beach Road has changed

The guideline value for Elliots Beach Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 12,700 per sq.ft, which is an increase from Rs 11,500 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 7,705 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 11,500 per sq.ft, but this represented a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 figure of Rs 11,500 per sq.ft remained unchanged from that year until the 2017 revision.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, and Elliots Beach Road's 2024 figure of Rs 12,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Elliots Beach Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value would be Rs 1,27,00,000. The stamp duty at 7% would amount to Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, bringing the total to Rs 11,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elliots Beach Road?

The Elliots Beach Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elliots Beach Road?

The current guideline value of Elliots Beach Road is Rs 12,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2023 to Rs 12,700 per sq.ft in 2024, a 10% increase. It was Rs 7,705 per sq.ft in 2017 and Rs 11,500 per sq.ft in 2012, indicating a significant increase over the years.

What is the land classification for Elliots Beach Road?

Elliots Beach Road is classified as Residential Special Type - I. This classification impacts the guideline value and the types of properties that can be developed in the area.

What is the registration office for property transactions in this area?

The registration office for property transactions in Elliots Beach Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,27,00,000 would incur a stamp duty of Rs 8,89,000 and a registration fee of Rs 2,54,000.