Guideline Value for Ellaiamman Colony Main Road

Ellaiamman Colony Main Road guideline value

The current guideline value of Ellaiamman Colony Main Road is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 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 Main Road has changed

The guideline value for Ellaiamman Colony Main Road has undergone several revisions over the years. The register shows no 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, reflecting a change of +9%.

Prior to the 2023 revision, there are no figures available for this street in the register. The most recent guideline value indicates a steady increase in the valuation for this area.

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, with a median value of Rs 8,800 per sq.ft. The guideline value for Ellaiamman Colony Main Road is below this median.

• Ellaiamman Colony 6th Cross Street: Rs 8,700 per sq.ft (2024)
• Ellaiamman Colony 5th Cross Street: 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 Main Road

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, resulting in a total of Rs 7,83,000. Please note that the 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 more details.

Which Sub Registrar Office covers Ellaiamman Colony Main Road?

The Sub Registrar Office that covers Ellaiamman Colony Main Road 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 process when buying or selling property in Mylapore Part 2. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ellaiamman Colony Main Road?

The current guideline value of Ellaiamman Colony Main Road is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ellaiamman Colony Main Road was Rs 8,000 per sq.ft in 2023 and increased to Rs 8,700 per sq.ft in 2024, marking a change of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

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, with Ellaiamman Colony Main Road's value being below this median at Rs 8,700 per sq.ft.

What are the stamp duty and registration fees for properties 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. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Ellaiamman Colony Main Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.