Guideline Value for E.S.I . Street (Ramapurm)

E.S.I . Street (Ramapurm) guideline value

The current guideline value of E.S.I . Street (Ramapurm) is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of E.S.I . Street (Ramapurm) has changed

The guideline value for E.S.I . Street (Ramapurm) has undergone several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which was then reduced to Rs 3,149 per sq.ft in the 2017 revision. However, the value saw a significant increase in the subsequent revisions, rising to Rs 4,700 per sq.ft in 2023 and finally reaching Rs 5,100 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2012 revision to the 2024 revision is a modest increase of 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, which indicates that E.S.I . Street's guideline value is above that median.

• E.S.I Kudirrupu (kamarajpuram): Rs 1,600 per sq.ft (2024)
• Egambara Iyyar Street: Rs 4,000 per sq.ft (2024)
• Ganapathi muthali Street: Rs 4,600 per sq.ft (2024)
• East Park Street (Venkatapuram): Rs 4,600 per sq.ft (2024)
• Durai samy reddy Street: Rs 4,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.S.I . Street (Ramapurm)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, making the total charges together Rs 4,59,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.S.I . Street (Ramapurm)?

The Sub Registrar Office that covers E.S.I . Street (Ramapurm) 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 Ambattur

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E.S.I . Street (Ramapurm)?

The current guideline value of E.S.I . Street (Ramapurm) is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2023 to Rs 5,100 per sq.ft in 2024, reflecting a 9% increase. It was Rs 3,149 per sq.ft in 2017 and Rs 4,700 per sq.ft in 2012, showing a significant rise over the years.

What is the land classification for E.S.I . Street (Ramapurm)?

E.S.I . Street (Ramapurm) is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Ambattur Sub Registrar Office?

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

How is the stamp duty calculated for properties in E.S.I . Street (Ramapurm)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 51,00,000, the stamp duty would be Rs 3,57,000 at a rate of 7%.