Guideline Value for Erikkarai Street

Erikkarai Street guideline value

The current guideline value of Erikkarai Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Erikkarai Street has changed

The guideline value for Erikkarai Street has remained stable at Rs 300 per sq.ft since the 2023 revision, which also recorded the same value. Prior to this, in the 2017 revision, the value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In the 2012 revision, the value was again Rs 300 per sq.ft, reflecting a decrease of 33% from the 2012 figure to 2017.

Additionally, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Erikkarai Street.

• Gayathiri Nagar: Rs 300 per sq.ft (2024)
• Green Homes: Rs 600 per sq.ft (2024)
• Chellasamy Nagar: Rs 300 per sq.ft (2024)
• Chandra Avenue: Rs 1,206 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Erikkarai Street?

The Sub Registrar Office that covers Erikkarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor when registering property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Erikkarai Street?

The current guideline value of Erikkarai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Erikkarai Street has remained at Rs 300 per sq.ft since the 2023 revision, with a notable increase from Rs 201 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Erikkarai Street?

Erikkarai Street is classified as Residential Class III Type - I. This classification impacts the guideline value and the regulations governing property transactions in the area.

What is the stamp duty rate for properties in Erikkarai Street?

The stamp duty rate for properties in Erikkarai Street is 7% of the guideline value or the sale price, whichever is higher. This is an important cost to consider when purchasing property.

Where can I find the Sub Registrar Office for Erikkarai Street?

The Sub Registrar Office for Erikkarai Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration activities for properties in the area.