Guideline Value for Ethirasan Street

Ethirasan Street guideline value

The current guideline value of Ethirasan Street in Perungalathur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Ethirasan Street has changed

Over the years, the guideline value for Ethirasan Street has seen significant changes. In the 2007 revision, the guideline value was Rs 250 per sq.ft. This increased dramatically to Rs 1,500 per sq.ft in 2012, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest 2024 revision increased it to Rs 1,650 per sq.ft, a rise of 10%.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 560%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Ethirasan Street's current guideline value is below this median.

• Erikkarai Theru: Rs 1,650 per sq.ft (2024)
• Emarald Apartments: Rs 2,640 per sq.ft (2024)
• FCI Nagar: Rs 2,640 per sq.ft (2024)
• FCI Nagar I to V: Rs 2,640 per sq.ft (2024)
• Elango Theru: Rs 1,980 per sq.ft (2024)
• Ganapathy Road: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Ethirasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the 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 Ethirasan Street?

The Sub Registrar Office that covers Ethirasan Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It is used to determine the stamp duty and registration fees that are applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When registering a property, buyers and sellers must consider the guideline value to avoid any discrepancies. The fees are calculated based on this value, which is set by the government and reflects the market conditions of the area.

Frequently asked questions

What is the current guideline value of Ethirasan Street?

The current guideline value of Ethirasan Street is Rs 1,650 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 250 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 560% over this period.

What are the other streets with guideline values in Perungalathur?

Other streets in Perungalathur include Erikkarai Theru at Rs 1,650 per sq.ft, Emarald Apartments at Rs 2,640 per sq.ft, and FCI Nagar at Rs 2,640 per sq.ft, among others.

What is the stamp duty for property in Ethirasan Street?

The stamp duty for property in Ethirasan Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 1,15,500.

Which office handles the registration for Ethirasan Street?

The registration for Ethirasan Street is handled by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.