Guideline Value for ELUPIDARAI KOIL CROSS STREET

Elupidarai Koil Cross Street guideline value

The current guideline value of Elupidarai Koil Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Elupidarai Koil Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by the current 2024 revision, which raised it to Rs 1,110 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 represents an increase of 11%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 11% in the guideline value.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,930 per sq.ft, indicating that Elupidarai Koil Cross Street's 2024 figure is below that median.

• Elupidarai Koil Street: Rs 1,110 per sq.ft (2024)
• Elupidari Amman Street: Rs 1,110 per sq.ft (2024)
• Gandhi Nagar Amman Koil Street: Rs 3,030 per sq.ft (2024)
• Gandhi Nagar Anna Salai: Rs 3,030 per sq.ft (2024)
• Gandhi Nagar Bharathi Street: Rs 3,030 per sq.ft (2024)
• Gandhi Nagar /Main Road: Rs 3,030 per sq.ft (2024)

Stamp duty and registration fee for property in Elupidarai Koil Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elupidarai Koil Cross Street?

The Sub Registrar Office that covers Elupidarai Koil Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buyers or sellers engage in a transaction, the guideline value is checked against the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, thereby influencing the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Elupidarai Koil Cross Street?

The current guideline value of Elupidarai Koil Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,000 per sq.ft in 2012, Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and now Rs 1,110 per sq.ft in 2024. The largest increase was from 2017 to 2023, with a 49% rise.

What is the land classification for Elupidarai Koil Cross Street?

The land classification for Elupidarai Koil Cross Street is Residential Class IV Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Elupidarai Koil Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 99,900 in fees.