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Guideline Value

Corporate

Guideline Value for Ellaiamman Colony 4th Cross Street

₹8700/sq.ft.

The guideline value for Ellaiamman Colony 4th 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 4th Cross Street

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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 the Mylapore Part 2 village and falls 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

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The most recent 2024 revision increased this value to Rs 8,700 per sq.ft, reflecting a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Therefore, the only revisions available are from 2023 and 2024, showing a clear upward adjustment in the guideline value. The absence of figures for earlier years indicates that there were no recorded changes for those periods.

Guideline values in Mylapore Part 2

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

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 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, bringing the total to Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Ellaiamman Colony 4th Cross Street is covered by 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 plays a crucial role during the registration of property transactions in Mylapore Part 2. It is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are in compliance with the legal requirements set by the Registration Department.

When buying or selling a property, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

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 increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a change of +9%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

For a property valued at Rs 87,00,000, the stamp duty 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 Sub Registrar Office handles registrations for this street?

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

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft. The guideline value for Ellaiamman Colony 4th Cross Street is below this median.