Guideline Value for ELLAPATHINI STREET

Ellapathini Street guideline value

The current guideline value of Ellapathini Street in Pudupet village, under the Pallipattu SRO, is Rs 350 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ellapathini Street has changed

The guideline value for Ellapathini Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 234 per sq.ft. This figure increased by 50% to Rs 350 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, also at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2024 figure of Rs 350 per sq.ft is equal to the median guideline value of Rs 350 per sq.ft for the 42 streets in Pudupet under the Pallipattu SRO.

Guideline values in Pudupet

In Pudupet village, the guideline values range from Rs 102 to Rs 600 per sq.ft as per the 2024 revision. Ellapathini Street's guideline value of Rs 350 per sq.ft is at the median of this range.

• Eswaran Koil Street: Rs 350 per sq.ft (2024)
• Eachambadi Colony 3rd Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 2 Nd Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 1 St Street: Rs 126 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Chittoor Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ellapathini Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ellapathini Street?

The Sub Registrar Office covering Ellapathini Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Pudupet. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and facilitates a smoother transaction process at the registration office.

Frequently asked questions

What is the current guideline value of Ellapathini Street?

The current guideline value of Ellapathini Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ellapathini Street has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Ellapathini Street?

Ellapathini Street is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

Where can I find the Sub Registrar Office for Ellapathini Street?

The Sub Registrar Office for Ellapathini Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the stamp duty calculated for properties in Pudupet?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.