Guideline Value for Ellarajamanickam Street

Ellarajamanickam Street guideline value

The current guideline value of Ellarajamanickam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ellarajamanickam Street has changed

The guideline value for Ellarajamanickam Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,340 per sq.ft in 2017, marking a substantial rise of 235%. The value continued to increase to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase of 10% from 2023. The register has no figures for the years 2002, 2003, and 2012.

Overall, from 2007 to 2024, the guideline value has increased by 450%, showcasing a steady rise in property valuation in this area.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Ellarajamanickam Street's 2024 figure above this median.

• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Elangovadigal Street: Rs 1,100 per sq.ft (2024)
• ErattaiMalai Srinivasan Street: Rs 1,100 per sq.ft (2024)
• Ekambaram Street: Rs 1,100 per sq.ft (2024)
• E.C.T.V Nagar: Rs 1,320 per sq.ft (2024)
• Erusappan Street Divyadass Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ellarajamanickam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ellarajamanickam Street?

The Sub Registrar Office that covers Ellarajamanickam Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Pozhichalur. 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 helps both parties understand the legal valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price and for sellers to set a competitive price for their property.

Frequently asked questions

What is the current guideline value of Ellarajamanickam Street?

The current guideline value of Ellarajamanickam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 450%.

What is the land classification for Ellarajamanickam Street?

Ellarajamanickam Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ellarajamanickam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.