Guideline Value

Corporate

Guideline Value for Ernavoor Pattai

₹1400/sq.ft.

The guideline value for Ernavoor Pattai in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹196 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ernavoor Pattai

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Ernavoor Pattai guideline value

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

How the guideline value of Ernavoor Pattai has changed

The guideline value for Ernavoor Pattai has seen several revisions over the years. The earliest recorded value was Rs 196 per sq.ft in 2003, which increased to Rs 250 per sq.ft in 2007. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2012, before dropping to Rs 871 per sq.ft in 2017. The value then increased to Rs 1,300 per sq.ft in 2023 and is now Rs 1,400 per sq.ft in 2024.

In terms of percentage changes, from 2003 to 2007, the guideline value increased by 28%, followed by a remarkable 420% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and it has risen by 8% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 614%. The register has no figure for the year 2002 for this street.

Guideline values in Ernavur

In Ernavur, 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. The median value for these streets is Rs 1,600 per sq.ft, making the guideline value of Ernavoor Pattai below this median.

Stamp duty and registration fee for property in Ernavoor Pattai

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

Which Sub Registrar Office covers Ernavoor Pattai?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Ernavur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ernavoor Pattai?

The current guideline value of Ernavoor Pattai 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 multiple times, starting from Rs 196 per sq.ft in 2003 to Rs 1,400 per sq.ft in 2024. Significant changes include a 420% increase from 2007 to 2012 and a 614% overall increase from 2003 to 2024.

What is the land classification for Ernavoor Pattai?

Ernavoor Pattai is classified as Residential Class I Type - III. This classification is important for determining the usage and regulations applicable to the land.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles property registrations in the area.

How is the stamp duty calculated for properties in Ernavoor Pattai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,26,000, including stamp duty and registration fees.