Guideline Value for Ellaiamman Koil Street

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ellaiamman Koil Street has changed

The guideline value for Ellaiamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 153 per sq.ft, which increased to Rs 183 per sq.ft in 2003, marking a rise of 20%. By 2007, the value surged to Rs 200 per sq.ft, a change of 9%. The following revision in 2012 saw a significant jump to Rs 1,000 per sq.ft, reflecting a 400% increase. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 619%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Kathivakkam

Kathivakkam village has a total of 47 streets under the Thiruvottiyur SRO, with guideline values for 2024 ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value for the village is Rs 1,001 per sq.ft, placing Ellaiamman Koil Street's 2024 figure above this median.

• Ennorekuppam: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,001 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Church Road: Rs 1,001 per sq.ft (2024)
• Chinnamman Koil Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiamman Koil Street?

The Sub Registrar Office that covers Ellaiamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kathivakkam

The guideline value is a crucial aspect when registering property transactions in Kathivakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for taxation purposes. Buyers should be aware of the guideline value as it directly impacts the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 153 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 619% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, based on the applicable rates.

Which authority manages the guideline values in Kathivakkam?

The guideline values in Kathivakkam are managed by the Thiruvottiyur Sub Registrar Office, which oversees property registrations in the area.

What is the classification of land on Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.