Guideline Value for ELLAYAI AMMAN KOIL STREET

Ellayai Amman Koil Street guideline value

The current guideline value of Ellayai Amman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, and it falls under the Residential Class V Type - III land classification.

How the guideline value of Ellayai Amman Koil Street has changed

The guideline value for Ellayai Amman Koil Street has seen several revisions since 2003. In 2003, the value was Rs 587 per sq.ft, which increased to Rs 900 per sq.ft in 2007. Following this, the value surged to Rs 3,000 per sq.ft in 2012, before dropping to Rs 2,010 per sq.ft in 2017. The subsequent revision in 2023 set the value at Rs 3,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,300 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was significant at 233%. The value rose by 53% from 2003 to 2007. Overall, from 2003 to 2024, the increase is a substantial 462%. The register has no figure for this street in 2002.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Ellayai Amman Koil Street's 2024 figure below the median.

• Elephant Tank 6th Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 5th Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 4th Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 3rd Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 2nd Street: Rs 3,300 per sq.ft (2024)
• Elephant Tank 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ellayai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, 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, bringing the total cost to Rs 2,97,000. 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 Ellayai Amman Koil Street?

The Sub Registrar Office that covers Ellayai Amman Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Proper understanding of these values can help in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Ellayai Amman Koil Street?

The current guideline value of Ellayai Amman 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 significantly from Rs 587 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 462% over this period.

What is the land classification for Ellayai Amman Koil Street?

Ellayai Amman Koil Street is classified as Residential Class V Type - III under the Mylapore SRO.

What are the stamp duty and registration fees for properties in this area?

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 can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ellayai Amman Koil Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.