Guideline Value for Ellis Road

Ellis Road guideline value

The current guideline value of Ellis Road in Triplicane village is Rs 8,800 per sq.ft, effective from 1 July 2024. This area falls under the Triplicane SRO, and the land classification is Mixed Type - I.

How the guideline value of Ellis Road has changed

The guideline value of Ellis Road has seen significant changes over the years. In the 2002 revision, the value was Rs 2,815 per sq.ft. This increased to Rs 3,088 per sq.ft in 2003, marking a change of +10%. The value then rose to Rs 5,430 per sq.ft in 2007, reflecting a substantial increase of +76%. The 2012 revision saw a decrease to Rs 8,000 per sq.ft, a drop of -33%. However, this was followed by a rise to Rs 5,360 per sq.ft in 2017, which was a +49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 8,000 per sq.ft, and it has now increased by +10% to Rs 8,800 per sq.ft in 2024.

Overall, the guideline value has increased by +213% from 2002 to 2024. There are no figures available for the years not listed in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, and Ellis Road's 2024 figure is above this median.

• Ellis 2nd Street: Rs 6,600 per sq.ft (2024)
• Ellis 2nd Lane: Rs 6,600 per sq.ft (2024)
• Ellis 1st Street: Rs 6,600 per sq.ft (2024)
• Ellis 1st Lane: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Eswaradas Lala Street & lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ellis Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ellis Road?

The Sub Registrar Office that covers Ellis Road is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Triplicane. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value as it directly impacts the costs associated with the transaction.

When registering a property, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ellis Road?

The current guideline value of Ellis Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value of Ellis Road changed over the years?

The guideline value has increased from Rs 2,815 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of +213% over the years.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, with Ellis Road's 2024 figure being above this median.

What are the stamp duty and registration fees for a property on Ellis Road?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for properties on Ellis Road?

The Triplicane Sub Registrar Office handles registrations for properties on Ellis Road, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.