Guideline Value for Ellaiamman Koil Street

Ellaiamman Koil Street guideline value

The current guideline value of Ellaiamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ellaiamman Koil Street has changed

The guideline value for Ellaiamman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 124 per sq.ft. This increased to Rs 141 per sq.ft in 2003, marking a change of +14%. The value continued to rise significantly, reaching Rs 250 per sq.ft in 2007, which represented a +77% increase from the previous revision. In 2012, the value was Rs 1,300 per sq.ft, showing a remarkable increase of +420% from 2007. However, it then decreased to Rs 871 per sq.ft in 2017, reflecting a decline of -33%.

From 2017 to 2023, the guideline value rose to Rs 1,300 per sq.ft, an increase of +49%. The most recent revision in 2024 set the value at Rs 1,400 per sq.ft, marking an increase of +8% from 2023. There are no figures available for revisions in years other than those listed.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. Ellaiamman Koil Street's 2024 figure is below this median.

• Ernavoor Gate Road: Rs 1,400 per sq.ft (2024)
• Ernavoor High Road (Kathivakkam High Road): Rs 1,900 per sq.ft (2024)
• Ernavoor Kuppam: Rs 1,400 per sq.ft (2024)
• Ernavoor Pattai: Rs 1,400 per sq.ft (2024)
• Erneeswaran Koil Street: Rs 1,400 per sq.ft (2024)
• Dr.Kalaignar Nagar (Corner Plots): Rs 3,300 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 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

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 Ernavur

The guideline value plays a crucial role in the registration process when buying or selling property in Ernavur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and land classifications.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil Street?

The current guideline value of Ellaiamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 124 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, showing an overall increase of +1029% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000, and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles property registrations for Ellaiamman Koil Street?

The Thiruvottiyur Sub Registrar Office handles property registrations for Ellaiamman Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Ellaiamman Koil Street?

Ellaiamman Koil Street is classified as Residential Class I Type - III, which indicates its designation for residential purposes.