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 Vallancheri village and falls under the Chengleput Joint II SRO, classified as 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 undergone several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which later decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and most recently, it rose to Rs 770 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 825 per sq.ft, making the 2024 guideline value of Ettiamman Koil Street (Ward-21) below this median.

• E.V.P Estate, Vallancheri (Ward -1): Rs 1,650 per sq.ft (2024)
• Evp Padma Avenue: Rs 1,650 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 would be 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. 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 Vallancheri

When buying or selling property in Vallancheri, the guideline value is a crucial factor as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding these values helps in making informed decisions during the registration process.

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 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)?

Ettiamman Koil Street (Ward-21) is classified as 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.

How is the stamp duty calculated for property in Vallancheri?

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