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Guideline Value

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Guideline Value for Sri Elumalai Avenue

₹440/sq.ft.

The guideline value for Sri Elumalai Avenue in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Elumalai Avenue

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Sri Elumalai Avenue guideline value

The current guideline value of Sri Elumalai Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Elumalai Avenue has changed

The guideline value for Sri Elumalai Avenue has undergone several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in the 2012 revision. However, it then decreased to Rs 268 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 400 per sq.ft, followed by another rise to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Sri Elumalai Avenue aligns perfectly with this median.

Stamp duty and registration fee for property in Sri Elumalai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 details.

Which Sub Registrar Office covers Sri Elumalai Avenue?

The Sub Registrar Office that covers Sri Elumalai Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vilangadupakkam, as it determines the minimum value at which properties can be registered. When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable stamp duty and registration fees.

Additionally, the guideline value ensures transparency in property dealings, providing a standard reference point for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Elumalai Avenue?

The current guideline value of Sri Elumalai Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What are the other streets in Vilangadupakkam with the same guideline value?

Several other streets in Vilangadupakkam have the same guideline value of Rs 440 per sq.ft, including Sri Devi Nagar, Sri Jayamaruthi Nagar, Sri Chengalamman Nagar, and Sri Krishna Nagar Phase - I.

How is stamp duty calculated for properties in Sri Elumalai Avenue?

Stamp duty for properties in Sri Elumalai Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 440 per sq.ft incurs a stamp duty of Rs 30,800.

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

The Sub Registrar Office for Sri Elumalai Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.