Guideline Value for ELLIYAMMAN KOVIL STREET

Elliyamman Kovil Street guideline value

The current guideline value of Elliyamman Kovil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Elliyamman Kovil Street has changed

The guideline value for Elliyamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Notably, the 2023 revision increased the value to Rs 600 per sq.ft, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which means that the 2024 figure for Elliyamman Kovil Street is below this median.

• Elangoadigal Street (Ward-20): Rs 880 per sq.ft (2024)
• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 880 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Elliyamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elliyamman Kovil Street?

The Sub Registrar Office that covers Elliyamman Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konathi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a fair value.

When a property is sold, the guideline value helps in assessing the appropriate fees and taxes due at the time of registration. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Elliyamman Kovil Street?

The current guideline value of Elliyamman Kovil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Elliyamman Kovil Street?

Elliyamman Kovil Street falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Elliyamman Kovil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Elliyamman Kovil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.