Guideline Value for Errati Malai Srinivasan Street/ Thirumangaialwarpu

Errati Malai Srinivasan Street/ Thirumangaialwarpu guideline value

The current guideline value of Errati Malai Srinivasan Street/ Thirumangaialwarpu is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Errati Malai Srinivasan Street/ Thirumangaialwarpu has changed

The guideline value for Errati Malai Srinivasan Street/ Thirumangaialwarpu has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 130 per sq.ft, which increased dramatically to Rs 804 per sq.ft in 2017, marking a 518% rise. The value further increased to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 915%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, indicating that Errati Malai Srinivasan Street/ Thirumangaialwarpu's 2024 figure is below this median.

• East Mada Veethi: Rs 2,200 per sq.ft (2024)
• East Kulakarai Street: Rs 2,200 per sq.ft (2024)
• Durga Nagar Vinoba Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vinoba 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vinoba 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vallalar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Errati Malai Srinivasan Street/ Thirumangaialwarpu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Errati Malai Srinivasan Street/ Thirumangaialwarpu?

The Errati Malai Srinivasan Street/ Thirumangaialwarpu is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thiruneermalai. It serves as a benchmark for determining the value of the property being registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that all parties are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Errati Malai Srinivasan Street/ Thirumangaialwarpu?

The current guideline value of Errati Malai Srinivasan Street/ Thirumangaialwarpu is Rs 1,320 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 130 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 915% over the years.

What is the land classification for this street?

Errati Malai Srinivasan Street/ Thirumangaialwarpu is classified as Residential Class III Type - I.

What is the registration office for this area?

The registration office covering Errati Malai Srinivasan Street/ Thirumangaialwarpu is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 13,20,000.