Guideline Value for ELANGALIAMMAN KOIL STREET

Elangaliamman Koil Street guideline value

The current guideline value of Elangaliamman Koil Street is Rs 7,100 per sq.ft. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Elangaliamman Koil Street has changed

The guideline value for Elangaliamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 4,355 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Puliyur

In Puliyur village, there are a total of 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, positioning Elangaliamman Koil Street's 2024 figure above this median.

• Elango Adigal Street: Rs 5,000 per sq.ft (2024)
• Easwara Nagar 5th Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 4th Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Easwara Nagar 2nd Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 1st Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Elangaliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty, charged at 7%, would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elangaliamman Koil Street?

The Sub Registrar Office that covers Elangaliamman Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When a property transaction occurs, the guideline value is used to assess the financial obligations involved. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to accurately calculate the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Elangaliamman Koil Street?

The current guideline value of Elangaliamman Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has seen a significant increase from Rs 4,355 per sq.ft to Rs 7,100 per sq.ft in 2024, marking an overall rise of 63%.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Elango Adigal Street at Rs 5,000 per sq.ft, Easwara Nagar 5th Street at Rs 4,600 per sq.ft, and several others with varying rates.

How is stamp duty calculated for properties in Elangaliamman Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000.

Where can I find my Sub Registrar Office?

The Kodambakkam Sub Registrar Office covers Elangaliamman Koil Street. You can find more details about your SRO using the provided link.