Guideline Value for EARIKARAI ST

Earikarai St guideline value

The current guideline value of Earikarai St in Mukthapudupattu village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Earikarai St has changed

Earikarai St has experienced several revisions in its guideline value over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 250 per sq.ft. This increased to Rs 167 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 800 per sq.ft, reflecting a significant increase of 379%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the same figure continues into the 2024 revision.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 220%.

Guideline values in Mukthapudupattu

Mukthapudupattu has a total of 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value of Earikarai St is below this median.

• Elayathamman Koil St: Rs 802 per sq.ft (2024)
• Ellaiyamman Nagar: Rs 802 per sq.ft (2024)
• Defance Enclave: Rs 802 per sq.ft (2024)
• Defance Colony: Rs 802 per sq.ft (2024)
• Cross St: Rs 804 per sq.ft (2024)
• I.A.F.Road: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Earikarai St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 Earikarai St?

The Sub Registrar Office that covers Earikarai St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Earikarai St?

The current guideline value of Earikarai St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 250 per sq.ft in 2012 to Rs 800 per sq.ft in 2024. Notably, there was a 379% increase from 2017 to 2023.

What is the median guideline value in Mukthapudupattu?

The median guideline value in Mukthapudupattu for 2024 is Rs 802 per sq.ft. Earikarai St's guideline value is below this median.

What are the stamp duty rates for properties in Earikarai St?

The stamp duty rate for properties in Earikarai St is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Earikarai St?

The Avadi Sub Registrar Office handles registrations for Earikarai St. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.