Guideline Value for ETTIAMMAN KOIL STREET (WARD-21)

Ettiamman Koil Street (Ward-21) guideline value

The current guideline value of Ettiamman Koil Street (Ward-21) is Rs 770 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 I Type - III land classification.

How the guideline value of Ettiamman Koil Street (Ward-21) has changed

The guideline value for Ettiamman Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which reflects a 10% increase from Rs 700 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, indicating a significant increase of 49% over the six years. The 2012 revision also had a guideline value of Rs 700 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no registered figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value 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 is equal to the current value of Ettiamman Koil Street (Ward-21).

• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Elliyamman Kovil Street: Rs 660 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 880 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 Ettiamman Koil Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. 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 Ettiamman Koil Street (Ward-21)?

The Sub Registrar Office that covers Ettiamman Koil Street (Ward-21) 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 details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When you buy or sell property in Konathi, the guideline value is used to calculate applicable stamp duties and registration fees, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated to reflect changes in the real estate market, ensuring that property transactions remain transparent and fair.

Frequently asked questions

What is the current guideline value of Ettiamman Koil Street (Ward-21)?

The current guideline value of Ettiamman Koil Street (Ward-21) is Rs 770 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 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. It also increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2012, reflecting various changes over the years.

What are the other streets in Konathi with their guideline values?

Other streets in Konathi include E.V.P Estate at Rs 1,650 per sq.ft, Elliyamman Kovil Street at Rs 660 per sq.ft, and Elangoadigal Street at Rs 880 per sq.ft, among others. These values vary significantly, showcasing the diversity in property prices within the village.

What fees are associated with buying property on Ettiamman Koil Street?

When purchasing property on Ettiamman Koil Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, these fees would total Rs 69,300.

Which office handles property registrations for Ettiamman Koil Street?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations on Ettiamman Koil Street (Ward-21). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.