Guideline Value for Erikkarai Salai, Sri Ram Nagar to Kumaran st

Erikkarai Salai, Sri Ram Nagar to Kumaran st guideline value

The current guideline value for Erikkarai Salai, Sri Ram Nagar to Kumaran st is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Erikkarai Salai, Sri Ram Nagar to Kumaran st has changed

The guideline value for Erikkarai Salai, Sri Ram Nagar to Kumaran st has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 1,200 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased significantly to Rs 1,200 per sq.ft, followed by another increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, meaning that the 2024 figure for Erikkarai Salai, Sri Ram Nagar to Kumaran st is below this median.

• Erikkarai Salai, Kumaran St to Mayanam: Rs 1,100 per sq.ft (2024)
• Erikkarai Salai to Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Erikarai Street: Rs 1,320 per sq.ft (2024)
• Elangovan Street: Rs 1,320 per sq.ft (2024)
• Dravupathi Street: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Erikkarai Salai, Sri Ram Nagar to Kumaran st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Salai, Sri Ram Nagar to Kumaran st?

The Sub Registrar Office covering Erikkarai Salai, Sri Ram Nagar to Kumaran st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Peerklankaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Erikkarai Salai, Sri Ram Nagar to Kumaran st?

The current guideline value for Erikkarai Salai, Sri Ram Nagar to Kumaran st is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Erikkarai Salai, Sri Ram Nagar to Kumaran st is Residential Class I Type - III.

What is the median guideline value for streets in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, while Erikkarai Salai, Sri Ram Nagar to Kumaran st has a 2024 figure below this median.

Where is the Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.