Guideline Value for Ekambaram Nagar Extention

Ekambaram Nagar Extention guideline value

The current guideline value for Ekambaram Nagar Extention is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Menambedu village and falls under the Ambattur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Ekambaram Nagar Extention has changed

The guideline value for Ekambaram Nagar Extention has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then revised to Rs 536 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting an 87% rise. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Ekambaram Nagar Extention's 2024 figure below that median.

• Ekampara Nagar: Rs 1,002 per sq.ft (2024)
• Elango Nagar: Rs 1,700 per sq.ft (2024)
• D.S.P. Colony: Rs 1,000 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,002 per sq.ft (2024)
• Gandhi 1 Street (Elangonagar): Rs 1,700 per sq.ft (2024)
• Gandhi 2 Street (Elangonagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaram Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value is Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekambaram Nagar Extention?

The Sub Registrar Office covering Ekambaram Nagar Extention 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 Menambedu

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable charges. The stamp duty is levied on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ekambaram Nagar Extention?

The current guideline value of Ekambaram Nagar Extention is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, representing an overall increase of 25% over the years.

What is the land classification for Ekambaram Nagar Extention?

Ekambaram Nagar Extention is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Ekambaram Nagar Extention?

The Sub Registrar Office for Ekambaram Nagar Extention 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 Ekambaram Nagar Extention?

The stamp duty for properties in Ekambaram Nagar Extention is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.