Guideline Value for ELLAIAMMAN KOIL STREET

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ellaiamman Koil Street has changed

The guideline value for Ellaiamman Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 84 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a rise of 138%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 900%. However, it dropped to Rs 1,340 per sq.ft in 2017, which was a decrease of 33%. Following this, the guideline value rose to Rs 2,000 per sq.ft in 2023, showing an increase of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 2,519%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Ellaiamman Koil Street.

• Enjambakkam Meenavar Part: Rs 1,700 per sq.ft (2024)
• Enjambakkam To Vettuvankeni Joint Road: Rs 2,800 per sq.ft (2024)
• Easwari Nagar: Rs 2,800 per sq.ft (2024)
• East Coast Road: Rs 7,200 per sq.ft (2024)
• Ever Green Resorts: Rs 3,300 per sq.ft (2024)
• Dr.Thomas Avenue: Rs 4,500 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 the 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 Enjambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 84 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,519% over this period.

What is the land classification for Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office covering 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.

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

The stamp duty for properties in Ellaiamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable based on the same value.