Guideline Value for Irular Colony (Erikkarai Street)

Irular Colony (Erikkarai Street) guideline value

The current guideline value for Irular Colony (Erikkarai Street) is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Irular Colony (Erikkarai Street) has changed

The guideline value for Irular Colony (Erikkarai Street) has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision set the guideline value at Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, comparing the figures from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value in this village is Rs 600 per sq.ft, making the 2024 figure for Irular Colony (Erikkarai Street) below this median.

• Jaheer Hussain Street: Rs 800 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)
• Jokkiyar Natham: Rs 300 per sq.ft (2024)
• Guberan Nagar: Rs 320 per sq.ft (2024)
• Kadai Street Bazaar Veethi: Rs 1,250 per sq.ft (2024)
• Gothumaikollai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Colony (Erikkarai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Irular Colony (Erikkarai Street)?

The Sub Registrar Office that covers Irular Colony (Erikkarai Street) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thirukalukundrem A. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

Frequently asked questions

What is the current guideline value for Irular Colony (Erikkarai Street)?

The current guideline value for Irular Colony (Erikkarai Street) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 201 per sq.ft.

What is the land classification for Irular Colony (Erikkarai Street)?

Irular Colony (Erikkarai Street) is classified as Residential Class V Type - I.

Which Sub Registrar Office covers this area?

The Thirukazhukundram Sub Registrar Office covers Irular Colony (Erikkarai Street), located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000.