Guideline Value for Ellaiyamman koil Street

Ellaiyamman koil Street guideline value

The current guideline value of Ellaiyamman koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Baraniputjur village, under the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Ellaiyamman koil Street has changed

Over the years, the guideline value of Ellaiyamman koil Street has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased to Rs 1,100 per sq.ft in 2012, reflecting a remarkable rise of 340%. However, the value then decreased to Rs 737 per sq.ft in 2017, marking a decline of 33%. The 2023 revision saw the value rise again to Rs 1,100 per sq.ft, and the most recent 2024 revision set the guideline value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, culminating in an overall increase of 384% from the 2007 figure to the current 2024 value.

Guideline values in Baraniputjur

In Baraniputjur village, there are 39 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the current guideline value of Ellaiyamman koil Street.

• Ilayaraja Nagar: Rs 1,210 per sq.ft (2024)
• Iyyappanthangal Main Road: Rs 1,450 per sq.ft (2024)
• Janaki Raman Nagar: Rs 1,210 per sq.ft (2024)
• Baraniputhur Main Road: Rs 1,450 per sq.ft (2024)
• Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellaiyamman koil Street?

Ellaiyamman koil Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Baraniputjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented fairly according to government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ellaiyamman koil Street?

The current guideline value of Ellaiyamman koil Street is Rs 1,210 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 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, representing an overall increase of 384%.

What are the stamp duty rates for property in Ellaiyamman koil Street?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700.

Which office handles property registration for Ellaiyamman koil Street?

The Kunrathur Sub Registrar Office handles property registration for Ellaiyamman koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with the same guideline value in Baraniputjur?

Yes, there are several other streets in Baraniputjur with the same guideline value of Rs 1,210 per sq.ft, including Ilayaraja Nagar, Janaki Raman Nagar, Jothi Nagar, and Bajanai Koil Street.