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Guideline Value

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Guideline Value for Elliamman Koil Street

₹660/sq.ft.

The guideline value for Elliamman Koil Street in Padappai village (Padappai SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Elliamman Koil Street

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Elliamman Koil Street guideline value

The current guideline value of Elliamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Padappai village and falls under the Padappai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Elliamman Koil Street has changed

The guideline value for Elliamman Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which saw a significant increase to Rs 600 per sq.ft in 2012, marking a rise of 1,100%. However, this value decreased to Rs 402 per sq.ft in 2017, reflecting a decline of 33%. The value then increased to Rs 600 per sq.ft in 2023, followed by a further rise to Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,220%.

Guideline values in Padappai

In Padappai village, there are a total of 146 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, indicating that the 2024 figure for Elliamman Koil Street is below this median.

Stamp duty and registration fee for property in Elliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total charges Rs 59,400. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elliamman Koil Street?

The Sub Registrar Office that covers Elliamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. 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 Elliamman Koil Street?

The current guideline value of Elliamman Koil Street is Rs 660 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 50 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 1,220% over the years.

What is the land classification for Elliamman Koil Street?

Elliamman Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Elliamman Koil Street?

The registration office for Elliamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Padappai?

Stamp duty for properties in Padappai is calculated based on the higher of the guideline value or the sale price. The current stamp duty rate is 7%, and there is also a registration fee of 2% applicable to the guideline value.