Guideline Value for Export Tayloring Employees Co-operative Society Co

Export Tayloring Employees Co-operative Society Co guideline value

The current guideline value for the Export Tayloring Employees Co-operative Society Co is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Alamathi village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Export Tayloring Employees Co-operative Society Co has changed

The guideline value has undergone several revisions over the years. Starting from Rs 19 per sq.ft in 2003, it rose significantly to Rs 200 per sq.ft in 2007. The value then increased to Rs 500 per sq.ft in 2012, before decreasing to Rs 335 per sq.ft in 2017. The 2023 revision marked a rise to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 550 per sq.ft.

Notable changes include a remarkable increase of 953% from 2003 to 2007, followed by a 150% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. From 2017 to 2023, the value increased by 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 2795% from 2003 to 2024.

Guideline values in Alamathi

In Alamathi, there are 54 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft. The guideline value for the Export Tayloring Employees Co-operative Society Co aligns with the median value of Rs 550 per sq.ft.

• Edapalayam Road: Rs 990 per sq.ft (2024)
• Grant City: Rs 990 per sq.ft (2024)
• B.K. Garden: Rs 550 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 550 per sq.ft (2024)
• Bharathiar Street: Rs 990 per sq.ft (2024)
• Bhajanai Koil Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Export Tayloring Employees Co-operative Society Co

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Export Tayloring Employees Co-operative Society Co?

The Export Tayloring Employees Co-operative Society Co falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Alamathi. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly affects the costs associated with the registration process. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Export Tayloring Employees Co-operative Society Co?

The current guideline value for the Export Tayloring Employees Co-operative Society Co is Rs 550 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 19 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the registration office for this property?

The registration office for Export Tayloring Employees Co-operative Society Co is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in this area is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.