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Guideline Value

Corporate

Guideline Value for Ellaiamman Colony 3rd Cross Street

₹8700/sq.ft.

The guideline value for Ellaiamman Colony 3rd 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 3rd Cross Street

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Ellaiamman Colony 3rd Cross Street guideline value

The current guideline value of Ellaiamman Colony 3rd Cross Street is Rs 8,700 per sq.ft. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and it is classified as Residential Class I Type - III.

How the guideline value of Ellaiamman Colony 3rd Cross Street has changed

There have been several revisions to the guideline value for Ellaiamman Colony 3rd Cross Street. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in the 2024 revision, marking a change of +9%.

The most recent revision took effect on 1 July 2024. The 2024 figure of Rs 8,700 per sq.ft is the only available figure for this street in the current register.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Ellaiamman Colony 3rd Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Ellaiamman Colony 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, making the total Rs 7,83,000. 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 Ellaiamman Colony 3rd Cross Street?

The Sub Registrar Office that covers Ellaiamman Colony 3rd Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Mylapore Part 2. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony 3rd Cross Street?

The current guideline value of Ellaiamman Colony 3rd Cross Street is Rs 8,700 per sq.ft as per the 2024 revision.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, which is a change of +9%.

What is the land classification for Ellaiamman Colony 3rd Cross Street?

Ellaiamman Colony 3rd Cross Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Chennai Central Joint I Sub Registrar Office, which covers Ellaiamman Colony 3rd Cross Street, is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark to ensure that the transaction is recorded at a fair value for legal and taxation purposes.