Guideline Value for EYARKKAI NAGAR PHASE-I&II

Eyarkkai Nagar Phase-I&ii guideline value

The current guideline value of Eyarkkai Nagar Phase-I&ii is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Andavakkam village and falls under the Madurandakam SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Eyarkkai Nagar Phase-I&ii has changed

The guideline value for Eyarkkai Nagar Phase-I&ii has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which was a decrease of 33% from Rs 201 per sq.ft in the 2017 revision. The value remained at Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024, and a significant increase of 49% from the 2017 figure.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Andavakkam

In Andavakkam village, there are 7 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value among these streets is Rs 150 per sq.ft, placing Eyarkkai Nagar Phase-I&ii above this median.

• Eyarkai Nagar: Rs 200 per sq.ft (2024)
• Royal Farms: Rs 100 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 100 per sq.ft (2024)
• Sri Manoprabu Nagar: Rs 100 per sq.ft (2024)
• Sslf City Dr.Sakthivel Nagar: Rs 150 per sq.ft (2024)
• Victory Nagar Phase-I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Eyarkkai Nagar Phase-I&ii

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Eyarkkai Nagar Phase-I&ii?

The Eyarkkai Nagar Phase-I&ii area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Andavakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that all transactions are conducted fairly and transparently.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to negotiate terms and ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Eyarkkai Nagar Phase-I&ii?

The current guideline value of Eyarkkai Nagar Phase-I&ii 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 in the 2023 and 2024 revisions. It increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 in 2023, while it was Rs 300 in the 2012 revision.

What is the land classification for Eyarkkai Nagar Phase-I&ii?

The land classification for Eyarkkai Nagar Phase-I&ii is Mixed Type - II.

What are the stamp duty and registration fees for property in Eyarkkai Nagar Phase-I&ii?

For a property valued at 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 Eyarkkai Nagar Phase-I&ii?

The Madurandakam Sub Registrar Office handles registrations for Eyarkkai Nagar Phase-I&ii, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.