Guideline Value for Ellaiamman Koil street

Ellaiamman Koil street guideline value

The current guideline value of Ellaiamman Koil street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Ellaiamman Koil street has changed

The guideline value for Ellaiamman Koil street has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 shows a further increase to Rs 880 per sq.ft, marking a 10% change 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 there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Ellaiamman Koil street is below this median.

• Erular Colony: Rs 803 per sq.ft (2024)
• Eswaran Nagar: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street 1 St: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street 2 St: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street Main St: Rs 1,100 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 rate of Rs 880 per sq.ft, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role during the registration of property transactions in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ellaiamman Koil street?

The current guideline value of Ellaiamman Koil street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, representing an overall increase of 64% over the seven-year period.

What is the stamp duty for a property in Ellaiamman Koil street?

The stamp duty for a property in Ellaiamman Koil street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in this area?

The Konnur Sub Registrar Office handles property registrations for Ellaiamman Koil street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Are there other streets with different guideline values in 44.Ayanambakkam?

Yes, there are other streets in 44.Ayanambakkam with varying guideline values, ranging from Rs 803 to Rs 1,100 per sq.ft in the 2024 revision.