Guideline Value for ELLUPAI THOPPU STREET 1 TO 4 STREETS

Ellupai Thoppu Street 1 To 4 Streets guideline value

The current guideline value of Ellupai Thoppu Street 1 To 4 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village and falls under the Pallavaram SRO with a land classification of Residential Class II Type - II.

How the guideline value of Ellupai Thoppu Street 1 To 4 Streets has changed

The guideline value for Ellupai Thoppu Street 1 To 4 Streets has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision and further rose to Rs 2,200 per sq.ft in the 2024 revision.

Notably, the changes between the revisions indicate a +10% increase from 2023 to 2024, a +49% increase from 2017 to 2023, and a -33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, positioning Ellupai Thoppu Street 1 To 4 Streets above this median.

• Ellupai Thoppu Street: Rs 2,200 per sq.ft (2024)
• Erikarai Street: Rs 1,940 per sq.ft (2024)
• Easwaran Koil Street: Rs 1,100 per sq.ft (2024)
• Dharga Road: Rs 1,940 per sq.ft (2024)
• Govt Group House 1 To 4 Streets: Rs 1,940 per sq.ft (2024)
• Govt Group House Highway Salai 1,2,3: Rs 1,940 per sq.ft (2024)

Stamp duty and registration fee for property in Ellupai Thoppu Street 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to 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 Ellupai Thoppu Street 1 To 4 Streets?

The Sub Registrar Office that covers Ellupai Thoppu Street 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirusulam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ellupai Thoppu Street 1 To 4 Streets?

The current guideline value of Ellupai Thoppu Street 1 To 4 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Ellupai Thoppu Street 1 To 4 Streets?

Ellupai Thoppu Street 1 To 4 Streets is classified as Residential Class II Type - II.

Where can I find the registration office for this street?

The registration office for Ellupai Thoppu Street 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirusulam?

Stamp duty for properties in Thirusulam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.