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Guideline Value

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Guideline Value for YERIKKARAI STREET (WARD -9)

₹550/sq.ft.

The guideline value for Yerikkarai Street (ward -9) in Goodaloor village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Goodaloor

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Yerikkarai Street (ward -9)

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Yerikkarai Street (Ward -9) guideline value

The current guideline value of Yerikkarai Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Yerikkarai Street (Ward -9) has changed

The guideline value for Yerikkarai Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase from Rs 500 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of 49% from the 2017 figure to 2023. The 2012 revision had set the value at Rs 500 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, indicating that Yerikkarai Street's 2024 figure is below that median.

Stamp duty and registration fee for property in Yerikkarai Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please note that the 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 further assistance.

Which Sub Registrar Office covers Yerikkarai Street (Ward -9)?

The Sub Registrar Office that covers Yerikkarai Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Goodaloor. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to accurately calculate the fees involved.

When a property transaction occurs, the guideline value helps to establish a baseline for the sale price, ensuring that the appropriate taxes are paid. This process is crucial for maintaining transparency and legality in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Yerikkarai Street (Ward -9)?

The current guideline value of Yerikkarai Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, with various changes occurring in between.

What is the land classification for Yerikkarai Street?

Yerikkarai Street is classified as Residential Class I Type - III. This classification is important for determining the applicable guidelines and regulations for property transactions.

Where can I find the Sub Registrar Office for Yerikkarai Street?

The Chengleput Joint II Sub Registrar Office covers Yerikkarai Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Yerikkarai Street?

The stamp duty for properties in Yerikkarai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.