Guideline Value for Egamberaswrer Nagar

Egamberaswrer Nagar guideline value

The current guideline value of Egamberaswrer Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This locality is situated in Puthagaram village, under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Egamberaswrer Nagar has changed

The guideline value for Egamberaswrer Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has set it at Rs 1,900 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, significant changes have been observed. From 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, which aligns with the current guideline value for Egamberaswrer Nagar.

• Elisabeth Nagar: Rs 1,600 per sq.ft (2024)
• Elizabath Nagar Extn: Rs 1,600 per sq.ft (2024)
• Elumalai Nagar: Rs 1,600 per sq.ft (2024)
• Elumalai Nagar Annex: Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,876 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Egamberaswrer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Egamberaswrer Nagar?

The Sub Registrar Office that covers Egamberaswrer Nagar 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 Puthagaram

The guideline value is crucial when registering property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that all property transactions are assessed fairly and transparently.

Frequently asked questions

What is the current guideline value of Egamberaswrer Nagar?

The current guideline value of Egamberaswrer Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Egamberaswrer Nagar?

Egamberaswrer Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Egamberaswrer Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 19,00,000, the total fees would amount to Rs 1,71,000.

Where is the Sub Registrar Office for Egamberaswrer Nagar located?

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