Guideline Value for Errikkarai Street

Errikkarai Street guideline value

The current guideline value of Errikkarai Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of Errikkarai Street has changed

The guideline value of Errikkarai Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 400 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 350% rise. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, a drop of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 1,900 per sq.ft, reflecting an increase of 58% from the previous figure.

It is important to note that the register has no figure for Errikkarai Street for the years 2002, 2003, and 2023. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 375%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Errikkarai Street's 2024 figure is below this median.

• E.S.I. Anna Nagar: Rs 1,500 per sq.ft (2024)
• Eswari Street Devi Nagar: Rs 2,400 per sq.ft (2024)
• Etiamman Nagar (s.no 175/4): Rs 1,100 per sq.ft (2024)
• Ettiamman Nagar Extention (S.No.175 only) AIR BACK: Rs 1,100 per sq.ft (2024)
• Ettiyamman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Koil 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Errikkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total fees Rs 1,71,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Errikkarai Street?

The Sub Registrar Office that covers Errikkarai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it directly impacts the costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, depending on which is higher.

Frequently asked questions

What is the current guideline value of Errikkarai Street?

The current guideline value of Errikkarai Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 400 per sq.ft to Rs 1,900 per sq.ft in 2024, marking a total increase of 375% over the years.

What is the land classification of Errikkarai Street?

Errikkarai Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Errikkarai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Errikkarai Street?

Stamp duty for properties in Errikkarai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.