Guideline Value for Ellaiyamman Koil Street

Ellaiyamman Koil Street guideline value

The current guideline value of Ellaiyamman Koil Street, located in Kottur village under the Adayar SRO, is Rs 6,600 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Ellaiyamman Koil Street has changed

The guideline value for Ellaiyamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. The overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Ellaiyamman Koil Street's 2024 figure above this median.

• Ellaiyamman Koil East Street East: Rs 6,600 per sq.ft (2024)
• Duraisamy Street: Rs 5,000 per sq.ft (2024)
• Duraisamy Nagar: Rs 5,000 per sq.ft (2024)
• Gandhi Mandabam Road: Rs 11,000 per sq.ft (2024)
• Gandhi Nagar 1st Cresent Park Road: Rs 15,400 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ellaiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, these fees would total Rs 5,94,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Ellaiyamman Koil Street?

The Sub Registrar Office that covers Ellaiyamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ellaiyamman Koil Street?

The current guideline value of Ellaiyamman Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase being 10% from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024.

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

Other streets in Kottur include Ellaiyamman Koil East Street East at Rs 6,600 per sq.ft, Duraisamy Street and Duraisamy Nagar at Rs 5,000 per sq.ft, Gandhi Mandabam Road at Rs 11,000 per sq.ft, and Gandhi Nagar 1st Cresent Park Road and Gandhi Nagar 1st Cross Street at Rs 15,400 per sq.ft.

What fees are associated with buying property in Ellaiyamman Koil Street?

When buying property, the total fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ellaiyamman Koil Street?

The Sub Registrar Office for Ellaiyamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.