Guideline Value for E.P.R.NAGAR

E.P.R.Nagar guideline value

The current guideline value of E.P.R.Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Ullagaram village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of E.P.R.Nagar has changed

The guideline value for E.P.R.Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has been revised to Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 290%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing E.P.R.Nagar's 2024 figure above that median.

• Elangovadigal Street: Rs 2,800 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)
• Gajalakshmi Street: Rs 2,800 per sq.ft (2024)
• Gandhi Street: Rs 2,200 per sq.ft (2024)
• Gayathri Nagar: Rs 2,800 per sq.ft (2024)
• Gayathri Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in E.P.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, together totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.P.R.Nagar?

The Sub Registrar Office that covers E.P.R.Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the registration of the property.

Frequently asked questions

What is the current guideline value of E.P.R.Nagar?

The current guideline value of E.P.R.Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 290% over this period.

What is the stamp duty rate in E.P.R.Nagar?

The stamp duty rate in E.P.R.Nagar is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for E.P.R.Nagar?

The Sub Registrar Office for E.P.R.Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, with E.P.R.Nagar's current figure being above this median.