Guideline Value for Angel Town Extn

Angel Town Extn guideline value

The current guideline value of Angel Town Extn is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Eraiyur village under the Sriperumpudur SRO and falls under Residential Class IV Type - I land classification.

How the guideline value of Angel Town Extn has changed

Over the years, the guideline value of Angel Town Extn has seen several revisions. The earliest recorded revision in 2012 set the value at Rs 100 per sq.ft. In 2017, this value decreased to Rs 67 per sq.ft, marking a significant drop of 33%. However, by the 2023 revision, the value returned to Rs 100 per sq.ft, remaining unchanged through to the 2024 revision, which also holds the value at Rs 100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a remarkable increase of 49%, bringing the value back to the 2012 figure. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 100 per sq.ft, reflecting no change over this period.

Guideline values in Eraiyur

In Eraiyur village, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Angel Town Extn is below this median.

• Angel Town: Rs 100 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Devi Karumari Nagar: Rs 100 per sq.ft (2024)
• Dream Home: Rs 350 per sq.ft (2024)
• Ezhil Nagar: Rs 250 per sq.ft (2024)
• Ezhil Nagar Extn: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Angel Town Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Together, the total cost for these fees is Rs 9,000. 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 details.

Which Sub Registrar Office covers Angel Town Extn?

The Sub Registrar Office that covers Angel Town Extn is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Eraiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is referenced to determine the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Angel Town Extn?

The current guideline value of Angel Town Extn is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017 and a return to Rs 100 per sq.ft in 2023.

What are the other streets with the same guideline value in Eraiyur?

Other streets in Eraiyur with the same guideline value of Rs 100 per sq.ft include Angel Town and Ambedhkar Street, as well as Devi Karumari Nagar.

What fees are associated with buying property in Angel Town Extn?

When purchasing property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Angel Town Extn located?

The Sub Registrar Office for Angel Town Extn is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.