Guideline Value for ELUPIDARI AMMAN STREET

Elupidari Amman Street guideline value

The current guideline value of Elupidari Amman Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Elupidari Amman Street has changed

The guideline value for Elupidari Amman Street has seen significant changes over the years. In 2002, the value was Rs 183 per sq.ft, which increased to Rs 211 per sq.ft in 2003. Following this, the value rose to Rs 500 per sq.ft in 2007, and then it doubled to Rs 1,000 per sq.ft in 2012. The value then decreased to Rs 670 per sq.ft in 2017, before increasing again to Rs 1,000 per sq.ft in 2023, and finally reaching Rs 1,110 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 11%. The overall increase from 2002 to 2024 is a substantial 507%. There are no figures available for any other revisions for this street in the register.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO with 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, making Elupidari Amman Street's 2024 figure below that median.

• Elupidarai Koil Street: Rs 1,110 per sq.ft (2024)
• Elupidarai Koil Cross 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 Elupidari Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total 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 fees to Rs 99,900. 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 information on fees.

Which Sub Registrar Office covers Elupidari Amman Street?

The Sub Registrar Office that covers Elupidari Amman 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Elupidari Amman Street?

The current guideline value of Elupidari Amman 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 changed from Rs 183 per sq.ft in 2002 to Rs 1,110 per sq.ft in 2024, showing an overall increase of 507% over this period.

What is the median guideline value in Karambakkam?

The median guideline value in Karambakkam is Rs 1,930 per sq.ft, which is higher than the current value of Elupidari Amman Street.

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

For a 1,000 sq.ft property at the current guideline value, the total fees would be Rs 99,900, which includes stamp duty and registration fees based on the guideline value.

Where can I find the Sub Registrar Office for Elupidari Amman Street?

The Sub Registrar Office for Elupidari Amman Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.