Guideline Value for SOOLPUNALKARAI JEEVANANTHAM STREET

Soolpunalkarai Jeevanantham Street guideline value

The current guideline value of Soolpunalkarai Jeevanantham Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Soolpunalkarai Jeevanantham Street has changed

In the 2017 revision, the guideline value was Rs 1,541 per sq.ft. This increased to Rs 2,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,500 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Erukancherry

Erukancherry village has a total of 376 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 2,500 per sq.ft, which is equal to the current value of Soolpunalkarai Jeevanantham Street.

• Soolpunalkarai Dr.Ambedkar Street: Rs 3,000 per sq.ft (2024)
• Solayamman 2nd Street: Rs 2,500 per sq.ft (2024)
• Solayamman 1st Street: Rs 2,500 per sq.ft (2024)
• Solaiamman Street: Rs 2,500 per sq.ft (2024)
• Sivashankaran Street (Kennedy Nagar): Rs 2,500 per sq.ft (2024)
• Sivashankaran Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Soolpunalkarai Jeevanantham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Soolpunalkarai Jeevanantham Street?

The Soolpunalkarai Jeevanantham Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, please visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Erukancherry. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must be aware of these values to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Soolpunalkarai Jeevanantham Street?

The current guideline value of Soolpunalkarai Jeevanantham Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 2,300 per sq.ft in 2023, and then to Rs 2,500 per sq.ft in 2024. This represents an overall increase of 62% from 2017 to 2024.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000, and the registration fee would be Rs 50,000, totaling Rs 2,25,000. Duty is charged on the higher of the guideline value or the sale price.

Which office do I need to visit for registration?

The Madhavaram Sub Registrar Office covers Soolpunalkarai Jeevanantham Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about guideline values in Erukancherry?

For more information about guideline values in Erukancherry, you can refer to the registration department's guideline value register or visit the relevant links provided for other streets in the area.