Guideline Value for Ellai Amman Koil Street

Ellai Amman Koil Street guideline value

The current guideline value of Ellai Amman Koil Street is Rs 4,900 per sq.ft, effective from the 2024 revision. This street is located in Kodambakkam village under the Ashok Nagar SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Ellai Amman Koil Street has changed

The guideline value for Ellai Amman Koil Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 800 per sq.ft. This figure increased significantly to Rs 3,015 per sq.ft in the 2017 revision, marking a 277% increase. The 2023 revision saw another rise to Rs 4,500 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 4,900 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 513%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of Ellai Amman Koil Street.

• Ellamuthamman Koil 1st Street (V.P): Rs 4,900 per sq.ft (2024)
• Ellamuthamman Koil 2nd Street(V.P): Rs 4,900 per sq.ft (2024)
• Elumalai Naicker Street (JPT): Rs 4,100 per sq.ft (2024)
• Elango Street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Elango Street (Muthurangam Block): Rs 4,100 per sq.ft (2024)
• Elumalai Street Block 93(S.P): Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is essential 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 further calculations.

Which Sub Registrar Office covers Ellai Amman Koil Street?

The Sub Registrar Office that covers Ellai Amman Koil Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that they are compliant with local regulations.

When a property is sold, the guideline value is also used to assess the property's worth for legal documentation. This ensures that the transaction is recorded accurately and that all parties are aware of the financial implications involved in the sale or purchase.

Frequently asked questions

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

The current guideline value of Ellai Amman Koil Street is Rs 4,900 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 513% over the years.

What is the land classification of Ellai Amman Koil Street?

Ellai Amman Koil Street falls under the Residential Class III Type - II land classification.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ellai Amman Koil Street?

The Sub Registrar Office for Ellai Amman Koil Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.