Guideline Value for ECR ARAVINDH NAGAR

Ecr Aravindh Nagar guideline value

The current guideline value of Ecr Aravindh Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kodapattinam village under the Cheyyur SRO, classified as Residential Class I Type - I.

How the guideline value of Ecr Aravindh Nagar has changed

The guideline value for Ecr Aravindh Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, there was an increase of 49% in the guideline value, and overall, from 2017 to 2024, the increase remains at 49%. The consistent value of Rs 300 per sq.ft from 2023 to 2024 indicates stability in the guideline value for this period.

Guideline values in Kodapattinam

In addition to Ecr Aravindh Nagar, there are other streets in Kodapattinam under the Cheyyur SRO. The guideline values for these streets vary significantly.

• Mrl Nature's Enclave: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ecr Aravindh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ecr Aravindh Nagar?

The Ecr Aravindh Nagar area falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kodapattinam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and financial purposes. Buyers and sellers must be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Ecr Aravindh Nagar?

The current guideline value of Ecr Aravindh Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to the current rate.

What are the stamp duty and registration fees for Ecr Aravindh Nagar?

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Ecr Aravindh Nagar?

The Cheyyur Sub Registrar Office handles registrations for Ecr Aravindh Nagar, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and is revised periodically to reflect changes in land classification and market conditions.