Guideline Value for Elumalai Avenue

Elumalai Avenue guideline value

The current guideline value of Elumalai Avenue is Rs 900 per sq.ft, as per the 2023 revision. This street is located in Unamancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Elumalai Avenue has changed

The guideline value for Elumalai Avenue has undergone several revisions over the years. The earliest recorded guideline value was Rs 250 per sq.ft in 2007. This increased significantly to Rs 900 per sq.ft in 2012, marking a substantial rise of 260%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 900 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 260%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Elumalai Avenue is part of the residential areas under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Elumalai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. 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 detailed calculations.

Which Sub Registrar Office covers Elumalai Avenue?

The Sub Registrar Office covering Elumalai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the 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 Elumalai Avenue?

The current guideline value of Elumalai Avenue is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023.

What is the stamp duty rate for property in Elumalai Avenue?

The stamp duty rate for property in Elumalai Avenue is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared against the sale price, and the higher amount is used for calculating the applicable duties and fees.