Guideline Value for Ebinezer Street

Ebinezer Street guideline value

The current guideline value of Ebinezer Street in Puthur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Ebinezer Street has changed

The guideline value for Ebinezer Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. In 2023, the value increased to Rs 700 per sq.ft, and the latest revision in 2024 set it at Rs 770 per sq.ft. Notably, the register has no figure for this street in 2002, 2003, or 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means Ebinezer Street's 2024 figure is below that median.

• Eden Garden: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 550 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ishwarya Avenue: Rs 770 per sq.ft (2024)
• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• J.P. Avenue Phase - I: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ebinezer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 details.

Which Sub Registrar Office covers Ebinezer Street?

The Sub Registrar Office that covers Ebinezer Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a crucial factor in property transactions in Puthur, as it determines the minimum value at which properties can be registered. When buyers and sellers agree on a sale price, the registration office will use the guideline value to calculate applicable duties and fees.

During the registration process, the guideline value ensures that the property is valued fairly according to government standards. This helps maintain transparency in property transactions and ensures that appropriate taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of Ebinezer Street?

The current guideline value of Ebinezer Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Ebinezer Street?

Ebinezer Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Puthur with their guideline values?

Other streets in Puthur have varying guideline values, with rates ranging from Rs 330 to Rs 4,600 per sq.ft. For example, Eden Garden has a guideline value of Rs 1,100 per sq.ft, while Gandhi Nagar is at Rs 550 per sq.ft.

Where can I find the Sub Registrar Office for Ebinezer Street?

The Sub Registrar Office for Ebinezer Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059.