Guideline Value for Ethiraj Swami Sanathi Street

Ethiraj Swami Sanathi Street guideline value

The current guideline value of Ethiraj Swami Sanathi Street is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Ethiraj Swami Sanathi Street has changed

In the 2012 revision, the guideline value was Rs 2,800 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,876 per sq.ft, marking a decline of 33%. Following this, the 2023 revision saw a significant increase to Rs 2,800 per sq.ft, and then the current 2024 revision raised it to Rs 3,000 per sq.ft, which is a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Ethiraj Swami Sanathi Street's 2024 figure above this median.

• Ethiraj Swamy Road: Rs 3,000 per sq.ft (2024)
• Ethirajsamy Street: Rs 3,000 per sq.ft (2024)
• Ethiraj Salai Pachaiappan Layout: Rs 2,500 per sq.ft (2024)
• Eswari Nagar: Rs 2,500 per sq.ft (2024)
• Eswaran Koil Street: Rs 2,500 per sq.ft (2024)
• E.V.R. Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ethiraj Swami Sanathi Street

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, totaling Rs 2,70,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ethiraj Swami Sanathi Street?

The Sub Registrar Office that covers Ethiraj Swami Sanathi Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Erukancherry. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction's legitimacy. It is essential to refer to the latest figures to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ethiraj Swami Sanathi Street?

The current guideline value of Ethiraj Swami Sanathi Street is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and is now Rs 3,000 per sq.ft in 2024.

What is the median guideline value in Erukancherry?

The median guideline value in Erukancherry is Rs 2,500 per sq.ft, with Ethiraj Swami Sanathi Street's current value being above this median.

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

For a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000, and the registration fee would be Rs 60,000, totaling Rs 2,70,000.

Which office handles registrations for Ethiraj Swami Sanathi Street?

The Madhavaram Sub Registrar Office handles registrations for Ethiraj Swami Sanathi Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.