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Guideline Value

Corporate

Guideline Value for Ellaiamman Colony 1st Cross Street

₹8700/sq.ft.

The guideline value for Ellaiamman Colony 1st Cross Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ellaiamman Colony 1st Cross Street

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Ellaiamman Colony 1st Cross Street guideline value

The current guideline value of Ellaiamman Colony 1st Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ellaiamman Colony 1st Cross Street has changed

There are no figures available in the register for the years 2002, 2003, 2007, 2012, and 2017 for Ellaiamman Colony 1st Cross Street. The guideline value was Rs 8,000 per sq.ft in 2023, which increased to Rs 8,700 per sq.ft in the 2024 revision, reflecting a change of +9%.

In the 2024 revision, the guideline value for this street stands at Rs 8,700 per sq.ft. This increase from the previous year indicates a shift in the valuation of the property in this locality.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, positioning Ellaiamman Colony 1st Cross Street below this median.

Stamp duty and registration fee for property in Ellaiamman Colony 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 8,700 per sq.ft, the guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ellaiamman Colony 1st Cross Street?

The Sub Registrar Office that covers Ellaiamman Colony 1st Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the property registration process in Mylapore Part 2. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential for buyers to be aware of this value to understand the financial implications of their transaction and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony 1st Cross Street?

The current guideline value of Ellaiamman Colony 1st Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 8,000 per sq.ft in 2023 and increased by +9% to Rs 8,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for this street?

Ellaiamman Colony 1st Cross Street is classified as Residential Class I Type - III. This classification is important for understanding the zoning and permissible uses of the property.

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 87,00,000 would be Rs 6,09,000, and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Ellaiamman Colony 1st Cross Street?

The Chennai Central Joint I Sub Registrar Office handles the registration for Ellaiamman Colony 1st Cross Street. It is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.