Guideline Value for ELLAIAMMAN NAGAR

Ellaiamman Nagar guideline value

The current guideline value of Ellaiamman Nagar, located in Okkiyamthuraipakkam village under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - II.

How the guideline value of Ellaiamman Nagar has changed

The guideline value for Ellaiamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. Notably, the increase from 2017 to 2023 was significant at 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Ellaiamman Nagar is below this median.

• Elim Nagar (Near Omr): Rs 4,400 per sq.ft (2024)
• Egret Part: Rs 5,500 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Main Salai 2 Nd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Main Salai 1 St Cross Street: Rs 3,300 per sq.ft (2024)
• Fortts Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 more details.

Which Sub Registrar Office covers Ellaiamman Nagar?

Ellaiamman Nagar falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit the find your SRO page.

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

The guideline value plays a crucial role in the registration process of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees payable when a property is sold or purchased.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Ellaiamman Nagar?

The current guideline value of Ellaiamman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Ellaiamman Nagar?

Ellaiamman Nagar is classified as Residential Class IV Type - II.

What is the registration office for Ellaiamman Nagar?

The registration office that covers Ellaiamman Nagar 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 in Ellaiamman Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same criteria.