Guideline Value for Ellaiyamman Koil Street

Ellaiyamman Koil Street guideline value

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

How the guideline value of Ellaiyamman Koil Street has changed

The guideline value for Ellaiyamman Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 710 per sq.ft, which rose dramatically to Rs 6,000 per sq.ft in 2012. However, it decreased to Rs 4,020 per sq.ft in 2017, before increasing again to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 830%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Ellaiyamman Koil Street.

• Ellis 1st Lane: Rs 6,600 per sq.ft (2024)
• Ellis 1st Street: Rs 6,600 per sq.ft (2024)
• Ellis 2nd Lane: Rs 6,600 per sq.ft (2024)
• Ellis 2nd Street: Rs 6,600 per sq.ft (2024)
• Ellis Road: Rs 8,800 per sq.ft (2024)
• Eswaradas Lala Street & lane: Rs 6,600 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, leading to a combined total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ellaiyamman Koil Street?

The Sub Registrar Office that covers Ellaiyamman Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Triplicane, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the overall cost of registration.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 changed significantly from Rs 710 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an increase of 830% overall.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registration for Ellaiyamman Koil Street?

The Triplicane Sub Registrar Office handles property registration for Ellaiyamman Koil Street, located at No.182 Bharati Salai, Royapettah, Chennai-600014.

What is the land classification for Ellaiyamman Koil Street?

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