Guideline Value for Ellaiamman Koil Street

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ellaiamman Koil Street has changed

In the 2017 revision, the guideline value for Ellaiamman Koil Street was set at Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 550 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 660 per sq.ft, making the 2024 figure for Ellaiamman Koil Street below this median.

• Ettayapuram: Rs 550 per sq.ft (2024)
• Durga Nagar: Rs 440 per sq.ft (2024)
• Dhakshin City: Rs 550 per sq.ft (2024)
• Darshan Garden: Rs 1,640 per sq.ft (2024)
• Darcost Vinnarasi Street: Rs 660 per sq.ft (2024)
• Gramani Street: Rs 660 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500 for these fees. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ellaiamman Koil Street?

The Sub Registrar Office that covers Ellaiamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Naduveerapattu. It determines the minimum price at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the registration process. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Naduveerapattu with their guideline values?

Other streets in Naduveerapattu include Ettayapuram and Dhakshin City at Rs 550 per sq.ft, Durga Nagar at Rs 440 per sq.ft, Darshan Garden at Rs 1,640 per sq.ft, and Darcost Vinnarasi Street and Gramani Street both at Rs 660 per sq.ft.

What fees are associated with buying property in Ellaiamman Koil Street?

When buying property in Ellaiamman Koil Street, buyers should be aware of the stamp duty, which is 7% of the guideline value, and the registration fee, which is 2% of the guideline value. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ellaiamman Koil Street?

The Sub Registrar Office for Ellaiamman Koil Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles the registration of property transactions in the area.