Guideline Value for Angel Town

Angel Town guideline value

The current guideline value of Angel Town, located in Eraiyur village, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Angel Town has changed

Over the years, the guideline value for Angel Town has seen several revisions. Starting from the 2007 revision, the value was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2012 revision, followed by a decrease to Rs 67 per sq.ft in 2017. The 2023 revision maintained the value at Rs 100 per sq.ft, and the current 2024 revision also reflects Rs 100 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, from 2007 to 2012, there was a 100% increase, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, remaining stable at Rs 100 per sq.ft in both 2023 and 2024. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Eraiyur

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

• Angel Town Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Angel Town?

Angel Town is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Eraiyur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. This ensures that the government receives due revenue from property transactions, and it reflects the official valuation of land in the area.

Frequently asked questions

What is the current guideline value of Angel Town?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 50 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, followed by a decrease to Rs 67 per sq.ft in 2017. It remained at Rs 100 per sq.ft in both 2023 and 2024.

What is the median guideline value in Eraiyur?

The median guideline value in Eraiyur for 2024 is Rs 200 per sq.ft, with Angel Town's value being below this median at Rs 100 per sq.ft.

What are the stamp duty and registration fees for properties in Angel Town?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Angel Town?

The Sriperumpudur Sub Registrar Office handles property registrations for Angel Town, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.