Guideline Value for Ellaiamman Colony 4th Cross Street

Ellaiamman Colony 4th Cross Street guideline value

The current guideline value of Ellaiamman Colony 4th Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Ellaiamman Colony 4th Cross Street has changed

The guideline value for Ellaiamman Colony 4th Cross Street has undergone several revisions over the years. The register has no figure for this street from 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 8,000 per sq.ft, which increased by 9% to Rs 8,700 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the guideline value, moving from Rs 8,000 in 2023 to Rs 8,700 in 2024. The increase indicates a shift in the valuation of properties in this area, aligning with the updated figures from the registration department.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with 2024 guideline values 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 4th Cross Street's 2024 figure below that median.

• Ellaiamman Colony 3rd Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 5th Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 2nd Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 6th Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 1st Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony Main Road: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Colony 4th 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, 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiamman Colony 4th Cross Street?

The Sub Registrar Office that covers Ellaiamman Colony 4th 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 details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial figure used during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of properties in the area.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony 4th Cross Street?

The current guideline value of Ellaiamman Colony 4th 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 has changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this street?

Ellaiamman Colony 4th Cross Street is classified as Residential Class I Type - III under the Chennai Central Joint I SRO.

What are the stamp duty and registration fees for properties here?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 7,83,000.

Where is the Sub Registrar Office located?

The Chennai Central Joint I Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, which covers Ellaiamman Colony 4th Cross Street.