Guideline Value for E.S.I Kudirrupu (kamarajpuram)

E.S.I Kudirrupu (kamarajpuram) guideline value

The current guideline value of E.S.I Kudirrupu (kamarajpuram) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of E.S.I Kudirrupu (kamarajpuram) has changed

Since the 2012 revision, the guideline value has seen several changes. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further to Rs 1,600 per sq.ft in the 2024 revision, reflecting a rise of 7% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, 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, with a median value of Rs 3,600 per sq.ft. The guideline value for E.S.I Kudirrupu (kamarajpuram) is below this median.

• E.S.I . Street (Ramapurm): Rs 5,100 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 Kudirrupu (kamarajpuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.S.I Kudirrupu (kamarajpuram)?

The E.S.I Kudirrupu (kamarajpuram) area is covered by 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for E.S.I Kudirrupu (kamarajpuram)?

The current guideline value for E.S.I Kudirrupu (kamarajpuram) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of E.S.I Kudirrupu (kamarajpuram)?

E.S.I Kudirrupu (kamarajpuram) is classified as Residential Class V Type - I.

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 stamp duty calculated for property in E.S.I Kudirrupu (kamarajpuram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.