Guideline Value for ERUKKANCHERY ROAD & LANE

Erukkanchery Road & Lane guideline value

The current guideline value for Erukkanchery Road & Lane in Perambur village is Rs 6,500 per sq.ft, effective from 1 July 2024. This area falls under the Purasaivakkam SRO and is classified as Commercial Special Type - I.

How the guideline value of Erukkanchery Road & Lane has changed

The guideline value for Erukkanchery Road & Lane has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,250 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 380%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 6,000 per sq.ft in 2023, and subsequently to Rs 6,500 per sq.ft in the 2024 revision, reflecting an 8% increase.

There are no recorded figures for the years 2002 and 2003 for this street. The overall increase from the 2007 figure to the current 2024 figure is 420%, highlighting the significant changes in guideline values over the years.

Guideline values in Perambur

In Perambur, there are a total of 1,114 streets under the Purasaivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Erukkanchery Road & Lane's current value above this median.

• Erukkanchery High Road (From Market To Sharma Nagar): Rs 6,500 per sq.ft (2024)
• Erukkanchery Sidco Area: Rs 6,600 per sq.ft (2024)
• Erukkancheri Lane: Rs 6,500 per sq.ft (2024)
• Engineer Shankaran Street: Rs 4,900 per sq.ft (2024)
• Engineer Sambandam Street: Rs 4,300 per sq.ft (2024)
• Elegen Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Erukkanchery Road & Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total to Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Erukkanchery Road & Lane?

The Sub Registrar Office that covers Erukkanchery Road & Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering a property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties. This ensures that all transactions are transparent and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value for Erukkanchery Road & Lane?

The current guideline value for Erukkanchery Road & Lane is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, reflecting an overall increase of 420% over the years.

What is the median guideline value for streets in Perambur?

The median guideline value for the 1,114 streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, with Erukkanchery Road & Lane's value being above this median.

What are the stamp duty rates applicable for properties in this area?

The stamp duty for properties in Erukkanchery Road & Lane is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Erukkanchery Road & Lane?

The Sub Registrar Office for Erukkanchery Road & Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.