Guideline Value for EGAVALIYAMMAN KOIL STREET

Egavaliyamman Koil Street guideline value

The current guideline value of Egavaliyamman 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, and is classified as Residential Special Type - I.

How the guideline value of Egavaliyamman Koil Street has changed

The guideline value for Egavaliyamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to the current value of Rs 3,300 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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 is Rs 3,300 per sq.ft, which is the same as the current guideline value for Egavaliyamman Koil Street.

• Egavalliamman Koil Street(Othavadai Street): Rs 3,300 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• East Kulakkarai Street: Rs 3,700 per sq.ft (2024)
• East Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Ennore Express Road: Rs 3,300 per sq.ft (2024)
• Esani Moorthi Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Egavaliyamman 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Egavaliyamman Koil Street?

The Sub Registrar Office that covers Egavaliyamman 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 crucial factor during the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded accurately in the official registry.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established rates for the respective properties.

Frequently asked questions

What is the current guideline value of Egavaliyamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450% over the years.

What are the stamp duty and registration fees for property in Egavaliyamman Koil Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers Egavaliyamman Koil Street?

The Thiruvottiyur Sub Registrar Office covers Egavaliyamman Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Egavaliyamman Koil Street?

Egavaliyamman Koil Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.