Guideline Value for Elshdoy Avenue

Elshdoy Avenue guideline value

The current guideline value of Elshdoy Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Siruniyam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Elshdoy Avenue has changed

The guideline value for Elshdoy Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft and saw another rise to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly 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 Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 440 per sq.ft, which means that Elshdoy Avenue's 2024 figure aligns with this median.

• Gangaiamman Koil Street: Rs 440 per sq.ft (2024)
• Grish Blue Diamond: Rs 825 per sq.ft (2024)
• Bajanai Koil Street: Rs 440 per sq.ft (2024)
• Azhagathamman Nagar 2nd Street: Rs 440 per sq.ft (2024)
• Azhagathamman Nagar 1st Street: Rs 440 per sq.ft (2024)
• Anchaneyar Koil Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Elshdoy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elshdoy Avenue?

The Sub Registrar Office that covers Elshdoy Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential reference for determining the official value of properties during registration in Siruniyam. It is used to calculate the stamp duty and registration fees that are payable when a property transaction occurs.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register. This process safeguards both buyers and sellers by providing a clear framework for property valuation.

Frequently asked questions

What is the current guideline value of Elshdoy Avenue?

The current guideline value of Elshdoy Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the stamp duty for property in Elshdoy Avenue?

The stamp duty for property in Elshdoy Avenue is 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 30,800.

Which office handles property registration for Elshdoy Avenue?

The Redhills Sub Registrar Office handles property registration for Elshdoy Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Siruniyam with guideline values?

Other streets in Siruniyam include Gangaiamman Koil Street, Grish Blue Diamond, Bajanai Koil Street, Azhagathamman Nagar 1st and 2nd Streets, and Anchaneyar Koil Street, with varying guideline values.