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 Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Ettiamman Koil Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, and then further rose to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 700 in 2012 to Rs 469 in 2017 (a decrease of 33%), then to Rs 700 in 2023 (an increase of 49%), and finally to Rs 770 in 2024 (an increase of 10%). The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is the same as the current value for Ettiamman Koil Street (Ward-21).

• E.V.P Estate, Vallancheri (Ward -1): Rs 1,651 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 1,100 per sq.ft (2024)
• Dac Urban Park: Rs 2,970 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 rate of Rs 770 per sq.ft, the 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, totaling Rs 69,300. 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 details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Potheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a buyer decides to purchase a property, the guideline value ensures that the transaction is recorded at a fair value, safeguarding both the buyer and seller. It acts as a reference point for the registration process, ensuring compliance with local regulations.

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 from Rs 700 in 2012 to Rs 469 in 2017, then increased to Rs 700 in 2023, and finally to Rs 770 in 2024. This shows a significant increase from 2017 to 2023 and a steady rise to the current value.

What is the land classification for Ettiamman Koil Street?

The land classification for Ettiamman Koil Street (Ward-21) is Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find more information about stamp duty and registration fees?

For detailed information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Ettiamman Koil Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.