Guideline Value for Erikkarai Street

Erikkarai Street guideline value

The current guideline value of Erikkarai Street is Rs 250 per sq.ft. This street is located in Irunkattukottai village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Erikkarai Street has changed

The guideline value for Erikkarai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 167 per sq.ft. The value increased again to Rs 250 per sq.ft in the 2023 revision, and this figure was maintained in the 2024 revision, reflecting a 0% change from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision shows no increase.

There are no recorded figures for the years 2002, 2003, and 2007 for Erikkarai Street in the register. The 2017 to 2023 change was a 50% increase, while the change from 2012 to 2017 was a 33% decrease.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. Erikkarai Street's guideline value of Rs 250 per sq.ft is below this median.

• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Ganesh Nagar Colony: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 800 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Grama Bajanai Koil Street: Rs 600 per sq.ft (2024)
• Indira Gandhi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Erikkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Erikkarai Street?

Erikkarai Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Irunkattukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the duties are calculated accurately. This value helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Erikkarai Street?

The current guideline value of Erikkarai Street is Rs 250 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value for Erikkarai Street has remained at Rs 250 per sq.ft since the 2023 revision, with previous revisions showing a decrease in 2017 and a return to Rs 250 in 2023.

What are the stamp duty and registration fees for property in Erikkarai Street?

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Erikkarai Street?

The Sriperumpudur Sub Registrar Office handles the registration for Erikkarai Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used during property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a reference point to ensure accurate fee assessment during the registration process.