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 Thailavaram 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. In 2012, the value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 700 per sq.ft in 2023 and then rose again to Rs 770 per sq.ft in 2024, reflecting a change of 10% from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The jump from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 represents a notable increase of 49% within that period. The current value of Rs 770 per sq.ft aligns with the median guideline value of Rs 770 per sq.ft for the 132 streets in Thailavaram under the Chengleput Joint II SRO.

Guideline values in Thailavaram

In Thailavaram, the guideline values for various streets range from Rs 440 to Rs 2,200 per sq.ft, with the median being Rs 770 per sq.ft. Ettiamman Koil Street's 2024 guideline value is equal to this median. Below are the guideline values for other streets in Thailavaram:

• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 881 per sq.ft (2024)
• Gandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Gokulam Colony (Ward-20): Rs 881 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 881 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 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 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 Ettiamman Koil Street (Ward-21) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during a transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth according to government standards. This helps maintain transparency and fairness in property dealings within the region.

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 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Ettiamman Koil Street (Ward-21)?

The land classification for Ettiamman Koil Street (Ward-21) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ettiamman Koil Street (Ward-21)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.