Guideline Value for Ellaiamman Kovil Street

Ellaiamman Kovil Street guideline value

The current guideline value of Ellaiamman Kovil Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ellaiamman Kovil Street has changed

Over the years, the guideline value of Ellaiamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

Mettupalayam village has a total of 45 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is the same as the current guideline value for Ellaiamman Kovil Street.

• Farm Land: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 181 per sq.ft (2024)
• Gayathri Nagar: Rs 200 per sq.ft (2024)
• Banrutti Main Road: Rs 200 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 200 per sq.ft (2024)
• Kangaiamman Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty, calculated at 7%, comes to Rs 12,670, while the registration fee at 2% is Rs 3,620. Together, the total cost for stamp duty and registration fees would be Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiamman Kovil Street?

The Sub Registrar Office that covers Ellaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Mettupalayam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. This ensures that the transaction is documented accurately and in accordance with government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Ellaiamman Kovil Street?

The current guideline value for Ellaiamman Kovil Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 181 per sq.ft in both 2023 and 2024. The value was Rs 121 per sq.ft in 2017 and Rs 180 per sq.ft in 2012.

What is the land classification for Ellaiamman Kovil Street?

Ellaiamman Kovil Street is classified as Residential Class II Type - I, which indicates its zoning for residential purposes.

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

For a property valued at Rs 1,81,000, the stamp duty is Rs 12,670, and the registration fee is Rs 3,620, totaling Rs 16,290. These fees are based on the guideline value.

Which office handles registrations for properties in Mettupalayam?

The Sunguvarchattram Sub Registrar Office handles property registrations for Mettupalayam. It is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.