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Guideline Value

Corporate

Guideline Value for Chinna Ernavoor (Corner plots)

₹3300/sq.ft.

The guideline value for Chinna Ernavoor (corner Plots) in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinna Ernavoor (corner Plots)

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Chinna Ernavoor (Corner plots) guideline value

The current guideline value for Chinna Ernavoor (Corner plots) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Ernavur village and is classified as Commercial Class I Type - II, managed by the Thiruvottiyur SRO.

How the guideline value of Chinna Ernavoor (Corner plots) has changed

Over the years, the guideline value for Chinna Ernavoor (Corner plots) has seen significant changes. The 2007 revision recorded a value of Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, this value decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 saw the value rise to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

The overall change from 2007 to 2024 is a remarkable increase of 230%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value across these streets is Rs 1,600 per sq.ft, placing Chinna Ernavoor (Corner plots) above this median.

Stamp duty and registration fee for property in Chinna Ernavoor (Corner plots)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Ernavoor (Corner plots)?

The Sub Registrar Office that covers Chinna Ernavoor (Corner plots) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives adequate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Chinna Ernavoor (Corner plots)?

The current guideline value for Chinna Ernavoor (Corner plots) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over this period.

What are the other streets in Ernavur and their guideline values?

Other streets in Ernavur include Colony street at Rs 1,400 per sq.ft, Brindavan Nagar and Brinadavan Nagar Extension at Rs 1,600 per sq.ft, Dr.Kalaignar Nagar at Rs 2,400 per sq.ft, and Dr.Kalaignar Nagar (Corner Plots) and Barath Nagar 4th Street both at Rs 3,300 per sq.ft.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Ernavur?

Stamp duty in Ernavur is calculated based on the higher value between the guideline value and the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.