Guideline Value for Ellaiamman Koil Street

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Ellaiamman Koil Street has changed

Looking at the revisions, the guideline value for Ellaiamman Koil Street was Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 increased this figure to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Ellaiamman Koil Street's 2024 figure is below this median.

• Elumalai Nagar: Rs 2,700 per sq.ft (2024)
• Erikkari Street: Rs 2,700 per sq.ft (2024)
• East Street Lane: Rs 2,200 per sq.ft (2024)
• East Street: Rs 2,700 per sq.ft (2024)
• East Railway Gate Cross Lane: Rs 2,200 per sq.ft (2024)
• East Railway Gate: Rs 2,700 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. 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 more details.

Which Sub Registrar Office covers Ellaiamman Koil Street?

The Sub Registrar Office that covers Ellaiamman Koil Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which property transactions are registered.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from 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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ellaiamman Koil Street was Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. It increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

What is the land classification for Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Class II Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.