Guideline Value for Ellaiamman Kovil Street

Ellaiamman Kovil Street guideline value

The current guideline value of Ellaiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam 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 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous revision. Notably, there are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2024, it has remained stable, showing a 0% change. Overall, comparing the values from 2012 to 2024, there has been no change, with the value consistently at Rs 200 per sq.ft since 2012.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ellaiamman Kovil Street's 2024 figure below this median.

• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Golden City: Rs 202 per sq.ft (2024)
• Indiras New Town: Rs 700 per sq.ft (2024)
• Bajanai Kovil Street (colony): Rs 200 per sq.ft (2024)
• Kalaizhnar Street (colony): Rs 200 per sq.ft (2024)
• Keerthika Avenue: Rs 448 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% is Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. 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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more details, you can find your SRO.

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

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

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ellaiamman Kovil Street?

The current guideline value of Ellaiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023, but no change from 2023 to 2024.

What are the other streets in Vattampakkam with guideline values?

Other streets in Vattampakkam include Gangaiamman Kovil Street (colony) and Bajanai Kovil Street (colony), both at Rs 200 per sq.ft, while Indiras New Town is valued at Rs 700 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ellaiamman Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Ellaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office. You can find more details about it through the provided link to locate your SRO.