Guideline Value for YERIKKARAI STREET (WARD -9)

Yerikkarai Street (Ward -9) guideline value

The current guideline value of Yerikkarai Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

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 earliest available revision is from 2012, where the value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased to Rs 500 per sq.ft in 2023, and further rose to Rs 551 per sq.ft in 2024, reflecting a change of 10% from the previous year.

From 2012 to 2023, the overall change was an increase of 10%. The 2024 revision shows a significant increase of 49% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the guideline value of Yerikkarai Street.

• V.O.C Street (Kod): Rs 551 per sq.ft (2024)
• Vigilance Nagar: Rs 551 per sq.ft (2024)
• Vanchinathan Nagar (Kod): Rs 551 per sq.ft (2024)
• T.N.H.B.Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)
• Thirumalai Premimum County (Ward -9): Rs 1,100 per sq.ft (2024)
• Thirukural Nagar (Kod): Rs 551 per sq.ft (2024)

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 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total charges Rs 49,590. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

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

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

The guideline value is a crucial factor in property transactions in Kadampur, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value influences the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value to accurately assess the costs involved in property transactions. This helps in making informed decisions during the buying or selling process.

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 551 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 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification of Yerikkarai Street?

Yerikkarai Street is classified as Residential Class I Type - I.

What are the stamp duty rates for properties in Yerikkarai Street?

The stamp duty for properties in Yerikkarai Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Yerikkarai Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Yerikkarai Street (Ward -9), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.