Guideline Value for Ellaiyamman Koil Street

Ellaiyamman Koil Street guideline value

The current guideline value of Ellaiyamman Koil Street, located in Kannanthangal village under the Sriperumpudur SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

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 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the most recent 2024 revision has raised it to Rs 110 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 900 per sq.ft. The median value among these streets is Rs 110 per sq.ft, which is equal to the 2024 guideline value for Ellaiyamman Koil Street.

• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)
• Chandrayan Nagar: Rs 250 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 126 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 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty, charged at 7%, would amount to Rs 7,700, and the registration fee, charged at 2%, would be Rs 2,200. Therefore, the total cost for stamp duty and registration fees would be Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Kannanthangal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline 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 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the classification of land on Ellaiyamman Koil Street?

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

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total cost for these fees would amount to Rs 9,900.

Where is the Sub Registrar Office for Ellaiyamman Koil Street located?

The Sub Registrar Office covering Ellaiyamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.