Sufficient parallel transliteration pairs are needed for training state of the art transliteration engines. Given the cost involved, it is often infeasible to collect such data using experts. Crowdsourcing could be a cheaper alternative, provided that a good quality control (QC) mechanism can be devised for this task. Most QC mechanisms employed in crowdsourcing are aggressive (unfair to workers) and expensive (unfair to requesters). In contrast, we propose a low-cost QC mechanism which is fair to both workers and requesters. At the heart of our approach, lies a rule based Transliteration Equivalence approach which takes as input a list of vowels in the two languages and a mapping of the consonants in the two languages. We empirically show that our approach outperforms other popular QC mechanisms (viz., consensus and sampling) on two vital parameters: (i) fairness to requesters (lower cost per correct transliteration) and (ii) fairness to workers (lower rate of rejecting correct answers). Further, as an extrinsic evaluation we use the standard NEWS 2010 test set and show that such quality controlled crowdsourced data compares well to expert data when used for training a transliteration engine.