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 Podavoor village and falls under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Ellaiamman Kovil Street has changed

Looking at the revisions over the years, the guideline value for Ellaiamman Kovil Street has seen various changes. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the most recent figures reflect the values from 2012, 2017, 2023, and 2024.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Ellaiamman Kovil Street's guideline value is below this median.

• Detroid Layout: Rs 400 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Ayyar Street: Rs 181 per sq.ft (2024)
• Kamadenu Forms: Rs 181 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 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 at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiamman Kovil Street?

The Sub Registrar Office covering Ellaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Podavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price, with the higher amount being used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across different properties within the region.

Frequently asked questions

What is the current guideline value of Ellaiamman Kovil Street?

The current guideline value of 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 changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in both 2023 and 2024, showing no change from 2023 to 2024.

What are the other streets in Podavoor and their guideline values?

Other streets in Podavoor include Detroid Layout at Rs 400 per sq.ft, Chemman Kuttai Street at Rs 181 per sq.ft, and Bajanai Kovil Street at Rs 300 per sq.ft, among others.

What are the stamp duty and registration fees for a property in Ellaiamman Kovil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling Rs 16,290.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.