Guideline Value for Ethiraj Salai(a) commander in chief road

Ethiraj Salai(a) commander in chief road guideline value

The current guideline value of Ethiraj Salai(a) commander in chief road is Rs 18,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO with a land classification of Commercial Special Type - II.

How the guideline value of Ethiraj Salai(a) commander in chief road has changed

The guideline value for Ethiraj Salai(a) commander in chief road has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 7,510 per sq.ft. This value increased significantly to Rs 16,500 per sq.ft in 2012, marking a 120% rise. However, it saw a decrease to Rs 11,055 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 16,500 per sq.ft in 2023, and most recently, it has been set at Rs 18,100 per sq.ft in the 2024 revision, reflecting an increase of 10% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 141%, highlighting significant changes over this period.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Ethiraj Salai(a) commander in chief road's 2024 figure above this median.

• Ethiraj Lane: Rs 13,500 per sq.ft (2024)
• Elllappa Naicken 2nd lane: Rs 7,100 per sq.ft (2024)
• Ellispuram: Rs 3,400 per sq.ft (2024)
• Ellappa Naicken street: Rs 7,100 per sq.ft (2024)
• Ellappa Naicken 1st lane: Rs 7,100 per sq.ft (2024)
• Gajalakshmi Street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ethiraj Salai(a) commander in chief road

For a 1,000 sq.ft plot at the current rate of Rs 18,100 per sq.ft, the guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, totaling Rs 16,29,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ethiraj Salai(a) commander in chief road?

The Sub Registrar Office that covers Ethiraj Salai(a) commander in chief road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Egmore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It is advisable to consult the latest figures to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ethiraj Salai(a) commander in chief road?

The current guideline value of Ethiraj Salai(a) commander in chief road is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,510 per sq.ft in 2007 to Rs 18,100 per sq.ft in 2024, reflecting a total increase of 141% over the years.

What are the stamp duty and registration fees for properties here?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,81,00,000, the total fees would amount to Rs 16,29,000.

Which office handles registrations for this area?

The Periamet Sub Registrar Office handles registrations for Ethiraj Salai(a) commander in chief road, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for this street?

Ethiraj Salai(a) commander in chief road is classified as Commercial Special Type - II, indicating its commercial significance in the area.