Guideline Value for ETHIRAJU STREET

Ethiraju Street guideline value

The current guideline value of Ethiraju Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - II.

How the guideline value of Ethiraju Street has changed

The guideline value for Ethiraju Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 344%. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting an increase of 64% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, which means that Ethiraju Street's 2024 figure is below the median.

• Erikkarai Road (Lake View Road): Rs 8,200 per sq.ft (2024)
• Ganapathi Street: Rs 6,300 per sq.ft (2024)
• Elango Adigal Street: Rs 5,000 per sq.ft (2024)
• Elangaliamman Koil Street: Rs 7,100 per sq.ft (2024)
• Gandhi Nagar: Rs 4,400 per sq.ft (2024)
• Easwara Nagar 5th Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ethiraju Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ethiraju Street?

The Sub Registrar Office that covers Ethiraju Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the Registration Department. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ethiraju Street?

The current guideline value of Ethiraju Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 389% over the years.

What is the land classification for Ethiraju Street?

Ethiraju Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

Where can I find the registration office for Ethiraju Street?

The registration office for Ethiraju Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Ethiraju Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.