Guideline Value for EAST ELLAIAMMAN KOIL STREET

East Ellaiamman Koil Street guideline value

The current guideline value of East Ellaiamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of East Ellaiamman Koil Street has changed

The guideline value for East Ellaiamman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023 and further increased to the current rate of Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 represented a remarkable increase of 233%. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of East Ellaiamman Koil Street.

• East Kulakkarai Street: Rs 3,700 per sq.ft (2024)
• Egavaliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• Egavalliamman Koil Street(Othavadai Street): Rs 3,300 per sq.ft (2024)
• Dr.Kalaignar Nagars/Cross Streets/Extension: Rs 1,900 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Dr.Jayalalitha Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in East Ellaiamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers East Ellaiamman Koil Street?

The Sub Registrar Office that covers East Ellaiamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and in line with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of East Ellaiamman Koil Street?

The current guideline value of East Ellaiamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a significant increase of 267% overall.

What is the land classification for East Ellaiamman Koil Street?

The land classification for East Ellaiamman Koil Street is Residential Special Type - I.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in East Ellaiamman Koil Street?

Stamp duty for properties in East Ellaiamman Koil Street is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.