Guideline Value for DEVI BHAVANI ELLAIAMMAN KOIL STREET

Devi Bhavani Ellaiamman Koil Street guideline value

The current guideline value of Devi Bhavani Ellaiamman Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Devi Bhavani Ellaiamman Koil Street has changed

Starting from the 2007 revision, the guideline value was Rs 1,800 per sq.ft. It increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, in 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 saw a notable increase to Rs 4,500 per sq.ft, followed by another rise to the current value 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 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 172%. The value in 2024 stands at Rs 4,900 per sq.ft, which is below the median value of Rs 5,500 per sq.ft for the 519 streets in Purasaivakkam under the Purasaivakkam SRO.

Guideline values in Purasaivakkam

In Purasaivakkam, the guideline values for various streets range from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Devi Bhavani Ellaiamman Koil Street's 2024 figure is below this median.

• Devarajulu Mudali Street: Rs 5,500 per sq.ft (2024)
• Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road): Rs 7,700 per sq.ft (2024)
• Davidpuram: Rs 4,400 per sq.ft (2024)
• Darga Road: Rs 3,300 per sq.ft (2024)
• Damodaran Lane: Rs 6,500 per sq.ft (2024)
• Damodara Mudali Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Bhavani Ellaiamman Koil 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 to Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Devi Bhavani Ellaiamman Koil Street?

The Sub Registrar Office that covers Devi Bhavani Ellaiamman Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Purasaivakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Devi Bhavani Ellaiamman Koil Street?

The current guideline value of Devi Bhavani Ellaiamman Koil 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 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 172% over this period.

What is the median guideline value in Purasaivakkam?

The median guideline value for the 519 streets in Purasaivakkam is Rs 5,500 per sq.ft, making the Devi Bhavani Ellaiamman Koil Street's current value below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Devi Bhavani Ellaiamman Koil Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information on how to locate your SRO.