Guideline Value for Elumalai Nagar Annex

Elumalai Nagar Annex guideline value

The current guideline value of Elumalai Nagar Annex is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Elumalai Nagar Annex has changed

The guideline value for Elumalai Nagar Annex has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, the value saw a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village features 140 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. Elumalai Nagar Annex's 2024 figure is below this median.

• Elumalai Nagar: Rs 1,600 per sq.ft (2024)
• Elizabath Nagar Extn: Rs 1,600 per sq.ft (2024)
• Elisabeth Nagar: Rs 1,600 per sq.ft (2024)
• Egamberaswrer Nagar: Rs 1,900 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,876 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that 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 Elumalai Nagar Annex?

The Sub Registrar Office covering Elumalai Nagar Annex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Puthagaram. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation set by the government. This value ensures transparency and helps in standardizing property transactions in the region.

Frequently asked questions

What is the current guideline value of Elumalai Nagar Annex?

The current guideline value of Elumalai Nagar Annex is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Elumalai Nagar Annex located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Elumalai Nagar Annex?

Elumalai Nagar Annex is classified as Residential Class IV Type - I, indicating its designation for residential purposes.