Guideline Value for Erusappan Street Divyadass Nagar

Erusappan Street Divyadass Nagar guideline value

The current guideline value of Erusappan Street Divyadass Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Erusappan Street Divyadass Nagar has changed

The guideline value for Erusappan Street Divyadass Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Erusappan Street Divyadass Nagar's 2024 figure below that median.

• Eshta Sithi Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,100 per sq.ft (2024)
• ErattaiMalai Srinivasan Street: Rs 1,100 per sq.ft (2024)
• Ellarajamanickam Street: Rs 2,200 per sq.ft (2024)
• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Elangovadigal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Erusappan Street Divyadass Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Erusappan Street Divyadass Nagar?

The Sub Registrar Office that covers Erusappan Street Divyadass Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

When buying or selling property in Pozhichalur, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Both buyers and sellers should be aware that the guideline value is used to calculate the taxes owed, and it is essential to consider this value when negotiating the sale price of the property.

Frequently asked questions

What is the current guideline value of Erusappan Street Divyadass Nagar?

The current guideline value of Erusappan Street Divyadass Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a 64% increase overall. The most recent revision in 2024 increased the value by 10% from the previous year.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, which means Erusappan Street Divyadass Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Erusappan Street Divyadass Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This office handles the registration of properties in the area.