Guideline Value for Yezhuramman Koil Street (Ealuramman Koil Street)

Yezhuramman Koil Street (Ealuramman Koil Street) guideline value

The current guideline value of Yezhuramman Koil Street (Ealuramman Koil Street) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Yezhuramman Koil Street (Ealuramman Koil Street) has changed

The guideline value for Yezhuramman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in the guideline value is +12%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are a total of 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Yezhuramman Koil Street below this median at Rs 2,800 per sq.ft.

• Yerikkarai Street: Rs 3,900 per sq.ft (2024)
• Yogeshwaran Street: Rs 3,900 per sq.ft (2024)
• Yogeshwaran Street Cross Street: Rs 4,400 per sq.ft (2024)
• Voltas Colony Main: Rs 4,400 per sq.ft (2024)
• Voltas Colony Extension: Rs 4,400 per sq.ft (2024)
• Voltas Colony 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Yezhuramman Koil Street (Ealuramman Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yezhuramman Koil Street (Ealuramman Koil Street)?

The Sub Registrar Office that covers Yezhuramman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thalakanancherry. It is used to determine the amount of stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Yezhuramman Koil Street?

The current guideline value of Yezhuramman Koil Street (Ealuramman Koil Street) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, which is a 12% increase. It was previously Rs 1,675 per sq.ft in 2017, indicating a significant increase of 49% over the six years.

What is the land classification of Yezhuramman Koil Street?

Yezhuramman Koil Street is classified as Residential Class II Type - II, indicating its designation for residential purposes within the local planning framework.

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

The registration office that covers Yezhuramman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the range of guideline values for other streets in Thalakanancherry?

In Thalakanancherry, the guideline values for other streets range from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Yezhuramman Koil Street's guideline value of Rs 2,800 per sq.ft is below this median.