Guideline Value for Earikarai Street

Earikarai Street guideline value

The current guideline value of Earikarai Street, located in Rajakilpakkam village under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class I Type - II.

How the guideline value of Earikarai Street has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft during the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,800 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 1,900 per sq.ft, reflecting a 6% rise from the previous year.

It is important to note that there are no figures available for Earikarai Street in the revisions from 2002, 2003, and 2007.

Guideline values in Rajakilpakkam

Rajakilpakkam has a total of 384 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this village is Rs 2,150 per sq.ft, which means that Earikarai Street's current guideline value is below this median.

• Durga Colony 5th Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 5th Cross Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 4th Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 4th Cross Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 3rd Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 3rd Cross Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Earikarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000. Together, these fees would total Rs 1,71,000. 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 information.

Which Sub Registrar Office covers Earikarai Street?

The Sub Registrar Office that covers Earikarai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Rajakilpakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is a reference point for these costs.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Earikarai Street?

The current guideline value of Earikarai Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 1,800 per sq.ft, decreasing to Rs 1,206 per sq.ft in 2017, then increasing to Rs 1,800 per sq.ft in 2023, and finally rising to Rs 1,900 per sq.ft in 2024.

What is the land classification of Earikarai Street?

The land classification for Earikarai Street is Residential Class I Type - II.

How does Earikarai Street's guideline value compare to other streets in Rajakilpakkam?

The guideline value of Earikarai Street is below the median guideline value of Rs 2,150 per sq.ft for other streets in Rajakilpakkam.

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

The Sub Registrar Office for Earikarai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.