Guideline Value for Ellamuthamman Koil 2nd Street(V.P)

Ellamuthamman Koil 2nd Street(V.P) guideline value

The current guideline value of Ellamuthamman Koil 2nd Street(V.P) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Ellamuthamman Koil 2nd Street(V.P) has changed

The guideline value for Ellamuthamman Koil 2nd Street(V.P) has seen several revisions over the years. In 2017, the guideline value was Rs 3,015 per sq.ft, which increased to Rs 4,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 4,900 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 63%.

It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means we can only focus on the revisions from 2017, 2023, and 2024 in understanding the changes in the guideline value.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the guideline value of Ellamuthamman Koil 2nd Street(V.P).

• Ellamuthamman Koil 1st Street (V.P): Rs 4,900 per sq.ft (2024)
• Ellai Amman Koil Street: Rs 4,900 per sq.ft (2024)
• Elumalai Naicker Street (JPT): Rs 4,100 per sq.ft (2024)
• Elumalai Street Block 93(S.P): Rs 4,900 per sq.ft (2024)
• Elango Street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Elango Street (Muthurangam Block): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ellamuthamman Koil 2nd Street(V.P)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ellamuthamman Koil 2nd Street(V.P)?

The Sub Registrar Office that covers Ellamuthamman Koil 2nd Street(V.P) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Ellamuthamman Koil 2nd Street(V.P)?

The current guideline value of Ellamuthamman Koil 2nd Street(V.P) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,015 per sq.ft in 2017 to Rs 4,500 per sq.ft in 2023, and then to Rs 4,900 per sq.ft in 2024. This reflects a total increase of 63% from 2017 to 2024.

What is the land classification for Ellamuthamman Koil 2nd Street(V.P)?

The land classification for Ellamuthamman Koil 2nd Street(V.P) is Residential Class III Type - II. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ellamuthamman Koil 2nd Street(V.P) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.