Guideline Value for Thirupathi Elumalai Street

Thirupathi Elumalai Street guideline value

The current guideline value of Thirupathi Elumalai Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirupathi Elumalai Street has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, reflecting a significant rise of 49% over six years. The most recent revision in 2024 saw the guideline value increase to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which indicates that Thirupathi Elumalai Street's 2024 figure is below this median.

• Thirupathi Kudai Salai: Rs 1,600 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathi Elumalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thirupathi Elumalai Street?

The Thirupathi Elumalai Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for Thirupathi Elumalai Street?

The current guideline value for Thirupathi Elumalai Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in 2024. This represents an overall increase of 59% from 2017 to 2024.

What is the median guideline value for streets in 5. Athipattu?

The median guideline value for streets in 5. Athipattu is Rs 2,200 per sq.ft, which is higher than the current value of Thirupathi Elumalai Street.

What are the stamp duty rates applicable?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.