Guideline Value for Ernavoor High Road (Kathivakkam High Road)

Ernavoor High Road (Kathivakkam High Road) guideline value

The current guideline value of Ernavoor High Road (Kathivakkam High Road) is Rs 1,900 per sq.ft, effective from 1 July 2024. This road is located in Ernavur village under the Thiruvottiyur SRO, classified as Commercial Class I Type - III.

How the guideline value of Ernavoor High Road (Kathivakkam High Road) has changed

The guideline value for Ernavoor High Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. This was a significant rise of 80%. However, between 2012 and 2017, the value decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The value then increased substantially to Rs 1,800 per sq.ft in 2023, reflecting a growth of 49%.

The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, which is a 6% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 90%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. Ernavoor High Road's 2024 guideline value of Rs 1,900 per sq.ft is above this median.

• Ernavoor Gate Road: Rs 1,400 per sq.ft (2024)
• Ernavoor Kuppam: Rs 1,400 per sq.ft (2024)
• Ernavoor Pattai: Rs 1,400 per sq.ft (2024)
• Erneeswaran Koil Street: Rs 1,400 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,400 per sq.ft (2024)
• Gandhi Nagar (Ernavoor): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ernavoor High Road (Kathivakkam High Road)

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the 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 Ernavoor High Road (Kathivakkam High Road)?

The Sub Registrar Office that covers Ernavoor High Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property in Ernavur, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware that these costs are assessed on the higher of the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Ernavoor High Road?

The current guideline value of Ernavoor High Road (Kathivakkam High Road) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 90% over this period.

What are the stamp duty and registration fees for properties in Ernavoor High Road?

For a property with a guideline value of Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles property registrations for Ernavoor High Road?

The Thiruvottiyur Sub Registrar Office handles property registrations for Ernavoor High Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Ernavoor High Road?

Ernavoor High Road is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.