Guideline Value for Elumalai Cross Street, Thiruvalluvar Nagar

Elumalai Cross Street, Thiruvalluvar Nagar guideline value

The current guideline value of Elumalai Cross Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Elumalai Cross Street, Thiruvalluvar Nagar has changed

The guideline value for Elumalai Cross Street has seen several revisions over the years. The earliest available revision is from 2017, where the value was Rs 1,507 per sq.ft. This figure increased significantly to Rs 2,250 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Elumalai Cross Street is above this median.

• Elumalai 2nd Lane (Thiruvallur Nagar): Rs 2,475 per sq.ft (2024)
• Ellango Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Ellango Street (Hindustan Lever Colony): Rs 2,750 per sq.ft (2024)
• Elumalai Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Ellango Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Elumalai Street (Thiruneermalai Salai): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Cross Street, Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees to Rs 2,22,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elumalai Cross Street, Thiruvalluvar Nagar?

The Sub Registrar Office that covers Elumalai Cross Street, Thiruvalluvar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Pammal. It serves as a benchmark to determine the stamp duty and registration fees payable on a property, ensuring that these costs are calculated fairly based on established rates.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is important for legal and financial documentation, ensuring compliance with state regulations.

Frequently asked questions

What is the current guideline value of Elumalai Cross Street?

The current guideline value of Elumalai Cross Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Elumalai Cross Street?

Elumalai Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Which office handles registrations for Elumalai Cross Street?

The Pammal Sub Registrar Office is responsible for handling registrations for properties located on Elumalai Cross Street, Thiruvalluvar Nagar.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the property being registered.