Guideline Value for ELLAIAMMAN KOIL STREET

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street in Chemmancheri village is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Ellaiamman Koil Street has changed

The guideline value for Ellaiamman Koil Street has undergone several revisions over the years. Starting from Rs 115 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007, marking a significant rise of 161%. In 2012, the value was revised to Rs 1,500 per sq.ft, reflecting a substantial increase of 400%. However, in 2017, it dropped to Rs 1,005 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in 2024, which represents a 13% increase.

Overall, from 2003 to 2024, the guideline value has increased by an impressive 1378%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value across these streets is Rs 1,700 per sq.ft, which is equal to the current guideline value of Ellaiamman Koil Street.

• Eagle Foundations: Rs 3,300 per sq.ft (2024)
• Ezhil Muga Nagar: Rs 1,100 per sq.ft (2024)
• Fathimabevi Garden: Rs 1,100 per sq.ft (2024)
• Gabirel Estate: Rs 1,000 per sq.ft (2024)
• Ganapathy Garden: Rs 1,000 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiamman Koil Street?

The Sub Registrar Office that covers Ellaiamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman Koil Street is Rs 1,700 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 115 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 1378% over this period.

What is the land classification of Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

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

The Neelankarai Sub Registrar Office covers Ellaiamman Koil Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Chemmancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at a rate of 7%.