Guideline Value for Sri Ensamy Nagar

Sri Ensamy Nagar guideline value

The current guideline value of Sri Ensamy Nagar, located in Eraiyur village under the Sriperumpudur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Ensamy Nagar has changed

Over the years, the guideline value of Sri Ensamy Nagar has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision brought the value back to Rs 350 per sq.ft, and it has remained the same through to the 2024 revision, which also lists it at Rs 350 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, with no net change.

Guideline values in Eraiyur

In Eraiyur village, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Sri Ensamy Nagar is above this median, reflecting its current valuation.

• Sri Dhanalakshmi Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Sri Ramachandra Nagar: Rs 350 per sq.ft (2024)
• Sri Vanmugil Avenue: Rs 300 per sq.ft (2024)
• Sumangali Nagar: Rs 350 per sq.ft (2024)
• Sumangali Nagar Extn: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ensamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty, charged at 7%, would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000. Therefore, the total cost for stamp duty and registration fees would be Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ensamy Nagar?

Sri Ensamy Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Eraiyur, as it determines the minimum value at which properties can be registered. Buyers and sellers should be aware that this value is used to calculate the applicable stamp duty and registration fees, which are essential costs in the property buying process.

When purchasing a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. It is advisable to consult the latest guideline values to understand the financial implications of any property transaction in the area.

Frequently asked questions

What is the current guideline value of Sri Ensamy Nagar?

The current guideline value of Sri Ensamy Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change being from Rs 350 per sq.ft in 2023 to Rs 350 per sq.ft in 2024, indicating no change. The value was Rs 234 per sq.ft in 2017, which was a 50% increase from that year to 2023.

What is the land classification for Sri Ensamy Nagar?

Sri Ensamy Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

How is stamp duty calculated in Sri Ensamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft would incur a stamp duty of Rs 24,500 at 7% of the guideline value.

Where is the Sub Registrar Office for Sri Ensamy Nagar located?

The Sub Registrar Office that covers Sri Ensamy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.