Guideline Value for Ettiyamman Koil 2nd Street

Ettiyamman Koil 2nd Street guideline value

The current guideline value of Ettiyamman Koil 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ettiyamman Koil 2nd Street has changed

Over the years, the guideline value of Ettiyamman Koil 2nd Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the guideline value increased to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for Ettiyamman Koil 2nd Street for the years 2002, 2003, and 2007.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Ettiyamman Koil 2nd Street is below this median.

• Ettiyamman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyamman Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ettiyamman Koil 2nd Street?

The Sub Registrar Office that covers Ettiyamman Koil 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both buyers and sellers must be aware of the guideline value, as it directly impacts the costs associated with the transaction. This value is essential for compliance with local regulations and for the accurate assessment of property taxes.

Frequently asked questions

What is the current guideline value of Ettiyamman Koil 2nd Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Ettiyamman Koil 2nd Street?

Ettiyamman Koil 2nd Street is classified as Residential Class I Type - II.

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

The Sub Registrar Office for Ettiyamman Koil 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.