Guideline Value for Ernavoor Kuppam

Ernavoor Kuppam guideline value

The current guideline value of Ernavoor Kuppam is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Ernavur village under the Thiruvottiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Ernavoor Kuppam has changed

The guideline value for Ernavoor Kuppam has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this was followed by a decrease to Rs 871 per sq.ft in 2017. The value then rose to Rs 1,300 per sq.ft in 2023, before reaching the current guideline value of Rs 1,400 per sq.ft in 2024.

Notably, the changes between revisions include an increase of 8% from 2023 to 2024, a significant rise of 49% from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an astonishing increase of 420% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 460%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur village, there are 82 streets under the Thiruvottiyur SRO with 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. The guideline value for Ernavoor Kuppam is below this median.

• Ernavoor High Road (Kathivakkam High Road): Rs 1,900 per sq.ft (2024)
• Ernavoor Pattai: Rs 1,400 per sq.ft (2024)
• Ernavoor Gate Road: 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 Kuppam

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ernavoor Kuppam?

The Sub Registrar Office that covers Ernavoor Kuppam 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

When buying or selling property in Ernavur, the guideline value is used to determine the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

During the registration process, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ernavoor Kuppam?

The current guideline value of Ernavoor Kuppam is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 460% over the years.

What is the land classification for Ernavoor Kuppam?

Ernavoor Kuppam is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the stamp duty rates for property transactions in Ernavoor Kuppam?

The stamp duty rate for property transactions in Ernavoor Kuppam is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ernavoor Kuppam?

The Sub Registrar Office for Ernavoor Kuppam is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.