Guideline Value for Ellaiamman Colony 6th Cross Street

Ellaiamman Colony 6th Cross Street guideline value

The current guideline value of Ellaiamman Colony 6th 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ellaiamman Colony 6th Cross Street has changed

The guideline value for Ellaiamman Colony 6th Cross Street has seen a revision in recent years. The 2023 revision set the value at Rs 8,000 per sq.ft, which was an increase from the previous revisions that have no figures recorded for this street in 2002, 2003, 2007, 2012, and 2017. The latest 2024 revision increased the value to Rs 8,700 per sq.ft, marking a 9% rise from the 2023 figure.

In summary, the guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. This change reflects the adjustments made in the guideline values across various properties within the area.

Guideline values in Mylapore Part 1

Within Mylapore Part 1, there are 333 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 Ellaiamman Colony 6th Cross Street's value below the median.

• Ellaiamman Colony 5th Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony Main Road: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 4th Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 3rd Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 2nd Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 1st Cross Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Colony 6th 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, bringing the total fees together to Rs 7,83,000. It is important to note that the 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 6th Cross Street?

The Sub Registrar Office that covers Ellaiamman Colony 6th 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 plays a crucial role when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process. Buyers should be aware of the guideline value to understand the financial implications of their property purchase.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony 6th Cross Street?

The current guideline value of Ellaiamman Colony 6th 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 changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a 9% increase. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Ellaiamman Colony 6th Cross Street's value is below this median.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000.

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

The Sub Registrar Office for Ellaiamman Colony 6th Cross Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the relevant links.