Guideline Value for SRI ELUMALAI NAGAR

Sri Elumalai Nagar guideline value

The current guideline value of Sri Elumalai Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village under the Chengleput Joint II SRO, classified as Residential Special Type - IV.

How the guideline value of Sri Elumalai Nagar has changed

The guideline value for Sri Elumalai Nagar has remained consistent at Rs 1,600 per sq.ft for both the 2023 and 2024 revisions. In previous years, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

From the 2023 revision to the 2024 revision, there has been a change of +0%. This indicates that the guideline value has not increased or decreased during this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Sri Elumalai Nagar's 2024 figure above this median.

• Sri Iyappan Nagar: Rs 700 per sq.ft (2024)
• Sri Iyappan Nagar Phase-I: Rs 1,001 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 700 per sq.ft (2024)
• SRI KRCNagar: Rs 1,600 per sq.ft (2024)
• Sri Ammal Nagar: Rs 700 per sq.ft (2024)
• Sri Adhira Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Elumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Elumalai Nagar?

The Sub Registrar Office that covers Sri Elumalai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kayirambedu. It determines the amount of stamp duty and registration fees payable, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded at a value that reflects the official pricing standards set by the government. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Elumalai Nagar?

The current guideline value of Sri Elumalai Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Elumalai Nagar has remained unchanged at Rs 1,600 per sq.ft from the 2023 revision to the 2024 revision. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in Sri Elumalai Nagar?

Sri Elumalai Nagar is classified as Residential Special Type - IV. This classification is important for understanding the type of development and usage permitted in the area.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 16,00,000. The stamp duty is Rs 1,12,000, and the registration fee is Rs 32,000, totaling Rs 1,44,000.

Where can I find the Sub Registrar Office for Sri Elumalai Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Elumalai Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.