Guideline Value for Ellaiyamman Koil Street

Ellaiyamman Koil Street guideline value

The current guideline value of Ellaiyamman Koil Street in Venkadu village is Rs 310 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur 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 undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. In 2017, the guideline value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 300 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 310 per sq.ft, a 3% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street, indicating a gap in the guideline value history during those years.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Ellaiyamman Koil Street above this median at Rs 310 per sq.ft.

• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Brijvaji Avenue: Rs 100 per sq.ft (2024)
• Jeyam Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Lake View Avenue: Rs 310 per sq.ft (2024)
• Main Road: Rs 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 310 per sq.ft, the total guideline value would be Rs 3,10,000. The stamp duty at 7% would amount to Rs 21,700, while the registration fee at 2% would be Rs 6,200, bringing the total to Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or 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 further assistance.

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

The guideline value plays a crucial role during property transactions in Venkadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

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 in the area.

Frequently asked questions

What is the current guideline value of Ellaiyamman Koil Street?

The current guideline value of Ellaiyamman Koil Street is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What is the land classification for Ellaiyamman Koil Street?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 310 per sq.ft incurs a total fee of Rs 27,900.

Which Sub Registrar Office covers the area of Ellaiyamman Koil Street?

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