Guideline Value for Eraniamman Nagar

Eraniamman Nagar guideline value

The current guideline value of Eraniamman Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Eraniamman Nagar has changed

Looking at the revisions, the guideline value for Eraniamman Nagar was Rs 1,500 per sq.ft in the 2012 revision. This value remained unchanged through the 2023 revision, despite a drop to Rs 1,005 per sq.ft in the 2017 revision. The change from 2012 to 2017 reflects a decrease of 33%.

From 2017 to 2023, the guideline value saw a significant increase of 49%, bringing it back to Rs 1,500 per sq.ft. Overall, from 2012 to 2023, there has been no change in the guideline value.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Eraniamman Nagar is one of the streets within this area, and there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Eraniamman Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eraniamman Nagar?

The Sub Registrar Office that covers Eraniamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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 property transactions in Vandalur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential to be aware that the guideline value can fluctuate with revisions, impacting the overall costs associated with property transactions. Buyers and sellers should always check the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Eraniamman Nagar?

The current guideline value of Eraniamman Nagar 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This reflects a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023.

What is the land classification for Eraniamman Nagar?

Eraniamman Nagar is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

How are stamp duty and registration fees calculated in Eraniamman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot valued at Rs 15,00,000 would incur a total cost of Rs 1,35,000 in fees.

Where is the Sub Registrar Office for Eraniamman Nagar located?

The Gooduvancheri Sub Registrar Office, which covers Eraniamman Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.