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Guideline Value

Corporate

Guideline Value for Erikkarai Burial Ground Street

₹2200/sq.ft.

The guideline value for Erikkarai Burial Ground Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Erikkarai Burial Ground Street

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Erikkarai Burial Ground Street guideline value

The current guideline value of Erikkarai Burial Ground Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Erikkarai Burial Ground Street has changed

Since the guideline value register began, the value for Erikkarai Burial Ground Street has seen several revisions. The earliest recorded figure is from 2002, with a value of Rs 100 per sq.ft. This increased to Rs 111 per sq.ft in 2003, followed by a significant rise to Rs 400 per sq.ft in 2007. The value then jumped to Rs 2,000 per sq.ft in 2012, before dropping to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest revision in 2024 has increased this to Rs 2,200 per sq.ft.

The changes between these revisions are noteworthy. From 2002 to 2024, the overall increase is 2,100%. The most significant change occurred between 2007 and 2012, with a rise of 400%. From 2017 to 2023, the value increased by 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Erikkarai Burial Ground Street.

Stamp duty and registration fee for property in Erikkarai Burial Ground Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Erikkarai Burial Ground Street?

The Sub Registrar Office that covers Erikkarai Burial Ground Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Nerkundram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the current market rates set by the Registration Department.

When buying or selling property, the guideline value is used to determine the minimum value at which a property can be registered. This ensures transparency and helps in the effective collection of taxes associated with property transactions.

Frequently asked questions

What is the current guideline value of Erikkarai Burial Ground Street?

The current guideline value of Erikkarai Burial Ground Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2,100% over this period.

What is the land classification for Erikkarai Burial Ground Street?

Erikkarai Burial Ground Street is classified as Residential Class IV Type - I.

Where is the Sub Registrar Office for this street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 22,00,000.