Guideline Value for Eraniamman Nagar Phase-II

Eraniamman Nagar Phase-II guideline value

The current guideline value of Eraniamman Nagar Phase-II is Rs 1,500 per sq.ft. This area is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Eraniamman Nagar Phase-II has changed

The guideline value for Eraniamman Nagar Phase-II has seen several revisions over the years. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The latest revision in 2023 brought it back up to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure.

In summary, from the 2007 revision to the 2023 revision, the overall increase in guideline value is 173%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. The guideline value of Eraniamman Nagar Phase-II sits at Rs 1,500 per sq.ft. There are no other streets in Vandalur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Eraniamman Nagar Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eraniamman Nagar Phase-II?

The Sub Registrar Office that covers Eraniamman Nagar Phase-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When a property transaction occurs, the guideline value helps to standardize the assessment of property prices, making the process transparent and consistent. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Eraniamman Nagar Phase-II?

The current guideline value of Eraniamman Nagar Phase-II is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Eraniamman Nagar Phase-II?

The stamp duty rate for properties in Eraniamman Nagar Phase-II is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a way to calculate stamp duty and registration fees?

Yes, you can use the stamp duty and registration fee calculator to estimate the costs associated with property transactions in Eraniamman Nagar Phase-II.