Guideline Value for Eraniamman Street

Eraniamman Street guideline value

The current guideline value of Eraniamman Street in Vandalur village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Eraniamman Street has changed

Over the years, the guideline value of Eraniamman Street has seen several revisions. 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 most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft.

In terms of percentage changes, the value increased by 173% from the 2007 revision to the 2012 revision. Following this, there was a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from the 2017 revision to the 2023 revision, resulting in an overall increase of 173% from 2007 to 2023. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. As such, Eraniamman Street stands alone in this context.

Stamp duty and registration fee for property in Eraniamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty is calculated at 7%, which totals Rs 1,05,000, and the registration fee at 2% amounts to Rs 30,000. Together, the total fees would be 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eraniamman Street?

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

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees are based on the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Eraniamman Street?

The current guideline value of Eraniamman Street 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 significantly, increasing from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreasing to Rs 1,005 per sq.ft in 2017, and finally returning to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Eraniamman Street?

For a property valued at Rs 15,00,000, the stamp duty is Rs 1,05,000 and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office is responsible for Eraniamman Street?

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

Are there other streets in Vandalur with guideline values?

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO.