Guideline Value for Ebinezar Nagar

Ebinezar Nagar guideline value

The current guideline value of Ebinezar Nagar, located in Perungalathur village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - II.

How the guideline value of Ebinezar Nagar has changed

The guideline value for Ebinezar Nagar has experienced several revisions over the years. 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, indicating that Ebinezar Nagar's 2024 figure is below this median.

• EB Colony: Rs 2,640 per sq.ft (2024)
• Elango Theru: Rs 1,980 per sq.ft (2024)
• Durga Theru: Rs 1,650 per sq.ft (2024)
• Durai Elumalai Street: Rs 1,980 per sq.ft (2024)
• Emarald Apartments: Rs 2,640 per sq.ft (2024)
• Erikkarai Theru: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ebinezar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ebinezar Nagar?

The Sub Registrar Office that covers Ebinezar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must be aware that the guideline value is used during the registration process, ensuring that the property is valued accurately for legal purposes.

When engaging in property transactions, it is essential to consider the guideline value to avoid discrepancies in registration fees and ensure compliance with local regulations. This value serves as a benchmark for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Ebinezar Nagar?

The current guideline value of Ebinezar Nagar is Rs 1,650 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 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ebinezar Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Ebinezar Nagar?

The Padappai Sub Registrar Office covers Ebinezar Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Ebinezar Nagar?

Ebinezar Nagar is classified as Residential Class IV Type - II, indicating its designation for residential use within the area.