Guideline Value for E.B.Street

E.B.Street guideline value

The current guideline value of E.B.Street in Oragadam village is Rs 1,600 per sq.ft, effective from the 2024 revision. This street falls under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of E.B.Street has changed

The guideline value of E.B.Street has seen significant changes over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision. However, it then dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 1,500 per sq.ft, and as of the 2024 revision, it is now Rs 1,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a substantial increase of 49%, followed by a 7% rise from 2023 to 2024. The overall increase from the 2007 revision to the current 2024 figure is 220%. Notably, the value fluctuated between 2012 and 2017 with a decrease of 33% and experienced a remarkable 200% increase from 2007 to 2012.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of E.B.Street is below this median.

• Elango Street: Rs 1,900 per sq.ft (2024)
• Elumalai mesthri Street(Banu nagar): Rs 2,200 per sq.ft (2024)
• Duraisamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Erikkarai Street(Main Road): Rs 1,600 per sq.ft (2024)
• DR. M. Varatharajan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in E.B.Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty, charged at 7%, would amount to Rs 1,12,000, and the registration fee, charged at 2%, would be Rs 32,000. Together, the total cost for stamp duty and registration fee would be Rs 1,44,000. 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 detailed calculations.

Which Sub Registrar Office covers E.B.Street?

The Sub Registrar Office that covers E.B.Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value according to the local government's assessment. This helps maintain transparency in property transactions and assists in tax collection for the state.

Frequently asked questions

What is the current guideline value of E.B.Street?

The current guideline value of E.B.Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of E.B.Street has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 220% over the years.

What is the classification of E.B.Street?

E.B.Street is classified as Residential Class II Type - I under the Ambattur SRO.

Where can I find the Sub Registrar Office for E.B.Street?

The Sub Registrar Office for E.B.Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in E.B.Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, resulting in a stamp duty of Rs 1,12,000.