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Guideline Value

Corporate

Guideline Value for Ellaiamman Colony 5th Cross Street

₹8700/sq.ft.

The guideline value for Ellaiamman Colony 5th Cross Street in Mylapore Part 1 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 1

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 5th Cross Street

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Ellaiamman Colony 5th Cross Street guideline value

The current guideline value of Ellaiamman Colony 5th Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 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 5th Cross Street has changed

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The increase from 2023 to 2024 is 9%, bringing the current value to Rs 8,700 per sq.ft. The register has no figure for the revisions in the years 2002, 2003, 2007, 2012, and 2017.

The guideline value for Ellaiamman Colony 5th Cross Street has seen a consistent increase in recent years. From 2023 to 2024, the value rose from Rs 8,000 to Rs 8,700 per sq.ft, indicating a positive adjustment in the property valuation for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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, making the guideline value of Ellaiamman Colony 5th Cross Street below the median.

Stamp duty and registration fee for property in Ellaiamman Colony 5th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 87,00,000. The stamp duty at 7% amounts to Rs 6,09,000, and the registration fee at 2% is Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ellaiamman Colony 5th Cross Street?

The Sub Registrar Office that covers Ellaiamman Colony 5th 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 1

The guideline value is an essential factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony 5th Cross Street?

The current guideline value of Ellaiamman Colony 5th Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% increase.

What is the land classification for this area?

Ellaiamman Colony 5th Cross Street is classified as Residential Class I Type - III, indicating its designated use for residential purposes.

Where can I find the registration office for this street?

The registration office for Ellaiamman Colony 5th Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 87,00,000 would incur a stamp duty of Rs 6,09,000 at 7%.