Guideline Value for Ellammal Thottam

Ellammal Thottam guideline value

The current guideline value of Ellammal Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Ellammal Thottam has changed

The guideline value for Ellammal Thottam has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

From 2017 to 2023, the value increased by 49%, and overall, from 2017 to 2024, there has been a significant increase of 69%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Ellammal Thottam is below this median.

• Ellen Sharma School Street: Rs 3,300 per sq.ft (2024)
• Emarld Garden: Rs 2,200 per sq.ft (2024)
• Elcot Avenue Main Street Extension: Rs 5,000 per sq.ft (2024)
• Em.Perumal Street: Rs 1,700 per sq.ft (2024)
• Elcot Avenue Main Road: Rs 5,000 per sq.ft (2024)
• Elcot Avenue 1st Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ellammal Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Ellammal Thottam?

The Sub Registrar Office that covers Ellammal Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Ellammal Thottam?

The current guideline value of Ellammal Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,700 per sq.ft in 2024. This reflects an overall increase of 69% from 2017 to 2024.

What is the land classification of Ellammal Thottam?

Ellammal Thottam is classified as Residential Class IV Type - I under the Neelankarai SRO.

Where can I find the registration office for Ellammal Thottam?

The registration office for Ellammal Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Ellammal Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at a rate of 7%.