Guideline Value

Corporate

Guideline Value for ERIKARAI STREET

₹1940/sq.ft.

The guideline value for Erikarai Street in Thirusulam village (Pallavaram SRO, Chengalpattu zone) is Rs 1940 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirusulam

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1940 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Erikarai Street

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Erikarai Street guideline value

The current guideline value of Erikarai Street is Rs 1,940 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Erikarai Street has changed

The guideline value for Erikarai Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. This figure changed in the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 1,800 per sq.ft, and the most recent 2024 revision set the value at Rs 1,940 per sq.ft, reflecting an 8% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 8%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,940 per sq.ft, which is equal to the 2024 figure for Erikarai Street.

Stamp duty and registration fee for property in Erikarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value would be Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, bringing the total fees to Rs 1,74,600. 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 Erikarai Street?

The Sub Registrar Office that covers Erikarai Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirusulam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for any property transfer. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the latest revisions.

Frequently asked questions

What is the current guideline value of Erikarai Street?

The current guideline value of Erikarai Street is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,940 per sq.ft in 2024.

What are the other streets in Thirusulam with their guideline values?

Other streets in Thirusulam include Ellupai Thoppu Street 1 To 4 Streets at Rs 2,200 per sq.ft, Ellupai Thoppu Street at Rs 2,200 per sq.ft, Easwaran Koil Street at Rs 1,100 per sq.ft, Dharga Road at Rs 1,940 per sq.ft, Govt Group House 1 To 4 Streets at Rs 1,940 per sq.ft, and Govt Group House Highway Salai 1,2,3 at Rs 1,940 per sq.ft.

What is the stamp duty rate for properties in Erikarai Street?

The stamp duty rate for properties in Erikarai Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Erikarai Street?

The Sub Registrar Office for Erikarai Street is located at Pallavaram Sub Registrar Office, 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.