Guideline Value for ERUKKANCHERY SIDCO AREA

Erukkanchery Sidco Area guideline value

The current guideline value of the Erukkanchery Sidco Area is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Industries Type - I.

How the guideline value of Erukkanchery Sidco Area has changed

The guideline value for Erukkanchery Sidco Area has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 435 per sq.ft. This increased to Rs 477 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 1,250 per sq.ft in 2007, which is an increase of 162%. In 2012, the value decreased to Rs 6,000 per sq.ft, a drop of 33% from the previous revision. The 2017 revision saw a substantial increase to Rs 4,020 per sq.ft, reflecting a 49% rise. The most recent revision in 2023 set the value at Rs 6,000 per sq.ft, before reaching the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in the years between 2002 and 2003, 2007 and 2012, or for any other years not listed. Overall, from 2002 to 2024, the guideline value has increased by 1,417%.

Guideline values in Perambur

Within Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Erukkanchery Sidco Area is above this median.

• Erukkanchery Road & Lane: Rs 6,500 per sq.ft (2024)
• Erukkanchery High Road (From Market To Sharma Nagar): Rs 6,500 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 Sidco Area

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. 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 Erukkanchery Sidco Area?

The Erukkanchery Sidco Area is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the correct fees are calculated. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Erukkanchery Sidco Area?

The current guideline value of Erukkanchery Sidco Area is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 435 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 1,417%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office is responsible for Erukkanchery Sidco Area?

The Purasaivakkam Sub Registrar Office covers the Erukkanchery Sidco Area, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Erukkanchery Sidco Area?

The land classification for Erukkanchery Sidco Area is Industries Type - I, indicating its suitability for industrial purposes.