Guideline Value for Ekavalli Amman Koil Street

Ekavalli Amman Koil Street guideline value

The current guideline value of Ekavalli Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Ekavalli Amman Koil Street has changed

The guideline value for Ekavalli Amman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, the value dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Notably, there are no recorded figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 shows an increase of 267% in the guideline value.

Guideline values in Muthiyalpet

In Muthiyalpet, there are a total of 357 streets under the Sowcarpet SRO that have a guideline value for 2024, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Ekavalli Amman Koil Street.

• Ela Kandappan Street: Rs 4,400 per sq.ft (2024)
• Ekambareswarar Agraharam Street: Rs 6,000 per sq.ft (2024)
• Edappalayam Street: Rs 4,400 per sq.ft (2024)
• Ebrahim Syed Street: Rs 4,900 per sq.ft (2024)
• Elephant Gate Street: Rs 6,000 per sq.ft (2024)
• Erulappan Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ekavalli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekavalli Amman Koil Street?

Ekavalli Amman Koil Street falls under the jurisdiction of the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

During the registration process, the guideline value will be compared to the sale price of the property, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the transaction is aligned with the official valuations set by the government.

Frequently asked questions

What is the current guideline value of Ekavalli Amman Koil Street?

The current guideline value of Ekavalli Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

Where can I find the Sowcarpet Sub Registrar Office?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01. This office handles the registration of properties in the area.

What are the other streets with the same guideline value in Muthiyalpet?

Other streets in Muthiyalpet with a guideline value of Rs 4,400 per sq.ft in 2024 include Ela Kandappan Street and Edappalayam Street.

How is stamp duty calculated for properties in Muthiyalpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.