Guideline Value for ELLAIAMMAN KOIL STREET

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman 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, classified as Residential Special Type - I.

How the guideline value of Ellaiamman Koil Street has changed

The guideline value for Ellaiamman Koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 416 per sq.ft. This increased to Rs 488 per sq.ft in 2003, marking a 17% rise. The value continued to rise significantly, reaching Rs 900 per sq.ft in 2007, which was an increase of 84%. In 2012, the value was Rs 3,000 per sq.ft, showing a substantial increase of 233% from the previous revision.

In the following years, the guideline value fluctuated. The 2017 revision set the value at Rs 2,010 per sq.ft, which was a decrease of 33% from 2012. The value then increased to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 693%.

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 equal to the current guideline value of Ellaiamman Koil Street.

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

Stamp duty and registration fee for property in Ellaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value, the total 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. Please 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of this value, as it directly impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman 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 416 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 693% over the years.

What is the land classification of Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Special Type - I under the Thiruvottiyur SRO.

What are the registration fees for property transactions?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Ellaiamman Koil Street located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.