Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline value, street

Guideline Value for Erikarai Street Ward No.12 Door No.1-23 Lake Band Street

₹330/sq.ft.effective 1 July 2024

Chennai zone Old Gummidipoondi village Gummidipoondi SRO Residential Class Iii Type - I

The guideline value for Erikarai Street Ward No.12 Door No.1-23 Lake Band Street in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹133 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹117 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201
044_29570408
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Erikarai Street Ward No.12 Door No.1-23 Lake Band Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Erikarai Street Ward No.12 Door No.1-23 Lake band street guideline value

The current guideline value of Erikarai Street Ward No.12 Door No.1-23 Lake band street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class III Type - I.

How the guideline value of Erikarai Street Ward No.12 Door No.1-23 Lake band street has changed

The guideline value for Erikarai Street has undergone several revisions over the years. In 2002, the value was Rs 117 per sq.ft, which increased to Rs 133 per sq.ft in 2003, marking a 14% rise. The value then rose by 13% to Rs 150 per sq.ft in 2007. Following this, the guideline value saw a significant increase of 100%, reaching Rs 300 per sq.ft in 2012. However, it decreased by 33% to Rs 201 per sq.ft in 2017. The value then increased by 49% to Rs 300 per sq.ft in 2023, before reaching the current rate of Rs 330 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in years other than those mentioned. The overall change from 2002 to 2024 reflects an increase of 182% in the guideline value for this street.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Erikarai Street is below this median.

Stamp duty and registration fee for property in Erikarai Street Ward No.12 Door No.1-23 Lake band street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees Rs 29,700. 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 Erikarai Street Ward No.12 Door No.1-23 Lake band street?

The Sub Registrar Office that covers Erikarai Street Ward No.12 Door No.1-23 Lake band street is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

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 applicable duties and fees. This ensures that the registration process is transparent and that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Erikarai Street?

The current guideline value of Erikarai Street Ward No.12 Door No.1-23 Lake band street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 117 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 182% over this period.

What is the land classification for this street?

Erikarai Street Ward No.12 Door No.1-23 Lake band street is classified as Residential Class III Type - I.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are paid during the registration process.