Guideline Value for Ellaiyamman Koil Street

Ellaiyamman Koil Street guideline value

The current guideline value of Ellaiyamman Koil Street in Manjampakkam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Ellaiyamman Koil Street has changed

The guideline value for Ellaiyamman Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The value rose significantly to Rs 600 per sq.ft in 2023, and further increased to Rs 1,000 per sq.ft in the 2024 revision. Notably, the register has no figures for this street for the years 2002 and 2003.

Between the revisions, there were notable changes. From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 67%. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Manjampakkam

In Manjampakkam, there are 11 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,650 per sq.ft. The median value is Rs 1,650 per sq.ft, making Ellaiyamman Koil Street's 2024 figure below that median.

• Ellatharisu Salai: Rs 1,000 per sq.ft (2024)
• Ennore Salai: Rs 1,650 per sq.ft (2024)
• C.M. Nagar: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai 2nd Cross Street: Rs 1,650 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiyamman Koil Street?

The Sub Registrar Office that covers Ellaiyamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Manjampakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two figures is used to determine the applicable stamp duty and registration fees, ensuring that the correct amounts are paid to the authorities.

Frequently asked questions

What is the current guideline value of Ellaiyamman Koil Street?

The current guideline value of Ellaiyamman Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What are the stamp duty and registration fees for property in Ellaiyamman Koil Street?

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which Sub Registrar Office covers this street?

The Redhills Sub Registrar Office covers Ellaiyamman Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Ellaiyamman Koil Street?

Ellaiyamman Koil Street is classified as Residential Class I Type - I.