Guideline Value for ILLY POND STREET (ALLIKULAM STREET)

Illy Pond Street (Allikulam Street) guideline value

The current guideline value of Illy Pond Street (Allikulam Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Special Type - V.

How the guideline value of Illy Pond Street (Allikulam Street) has changed

The guideline value for Illy Pond Street (Allikulam Street) has seen several revisions over the years. In 2017, the value was Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Illy Pond Street's 2024 value of Rs 4,400 per sq.ft is above this median.

• Hussan Garden: Rs 1,700 per sq.ft (2024)
• Husinda Info Tech Art Realders Pvt Ltd.,: Rs 2,200 per sq.ft (2024)
• Harindar Singh Garden: Rs 3,900 per sq.ft (2024)
• Indu Mayana Pathai: Rs 1,700 per sq.ft (2024)
• Indu Mayana Salai Extension: Rs 1,700 per sq.ft (2024)
• Iskon Properties: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Illy Pond Street (Allikulam Street)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Illy Pond Street (Allikulam Street)?

The Sub Registrar Office that covers Illy Pond Street (Allikulam Street) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately with the appropriate fees calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Illy Pond Street (Allikulam Street)?

The current guideline value of Illy Pond Street (Allikulam Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 64% over the seven years.

What are the stamp duty and registration fees for properties in Illy Pond Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Illy Pond Street?

The Neelankarai Sub Registrar Office handles property registrations for Illy Pond Street (Allikulam Street), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the range of guideline values for other streets in Sholinganallur - 1?

The guideline values for other streets in Sholinganallur - 1 range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft.