Guideline Value for Elumalai Naicken Street

Elumalai Naicken Street guideline value

The current guideline value of Elumalai Naicken Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Elumalai Naicken Street has changed

The guideline value for Elumalai Naicken Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it stood at Rs 1,000 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 350% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a 33% drop. The value further increased to Rs 4,500 per sq.ft in 2023, followed by the current rate of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 390%. The changes between the revisions are notable, with a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current guideline value of Elumalai Naicken Street.

• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)
• E.V.R. Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Iyer Street: Rs 4,900 per sq.ft (2024)
• Dr.Radhakrishnan Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Elumalai Naicken Street?

The Sub Registrar Office that covers Elumalai Naicken Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is an important factor during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Elumalai Naicken Street?

The current guideline value of Elumalai Naicken Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over this period.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current guideline value of Elumalai Naicken Street.

What are the stamp duty rates for property in Elumalai Naicken Street?

The stamp duty for property in Elumalai Naicken Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Elumalai Naicken Street?

The Sub Registrar Office for Elumalai Naicken Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.