Guideline Value for ELAYATHAMMAN KOIL ST

Elayathamman Koil St guideline value

The current guideline value of Elayathamman Koil St is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Elayathamman Koil St has changed

The guideline value for Elayathamman Koil St has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased slightly to Rs 400 per sq.ft. The most recent revision in 2024 saw a significant increase to Rs 802 per sq.ft, marking a change of +101% from 2023 to 2024.

Overall, from 2012 to 2024, the guideline value has increased by 34%. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with the median value being Rs 802 per sq.ft. Elayathamman Koil St's 2024 figure of Rs 802 per sq.ft is equal to this median value.

• Ellaiyamman Nagar: Rs 802 per sq.ft (2024)
• Earikarai St: Rs 800 per sq.ft (2024)
• Defance Enclave: Rs 802 per sq.ft (2024)
• Defance Colony: Rs 802 per sq.ft (2024)
• Cross St: Rs 804 per sq.ft (2024)
• I.A.F.Road: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Elayathamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, while the registration fee at 2% would be Rs 16,040, bringing the total to Rs 72,180. 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 further calculations.

Which Sub Registrar Office covers Elayathamman Koil St?

The Sub Registrar Office that covers Elayathamman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, 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 Elayathamman Koil St?

The current guideline value of Elayathamman Koil St is Rs 802 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 2012 to Rs 802 per sq.ft in 2024, with various revisions in between, including a drop to Rs 402 per sq.ft in 2017 and a slight increase to Rs 400 per sq.ft in 2023.

What is the land classification for Elayathamman Koil St?

Elayathamman Koil St falls under the Residential Class II Type - II land classification.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 8,02,000, the stamp duty at 7% would be Rs 56,140.