Guideline Value for Ekampara Nagar

Ekampara Nagar guideline value

The current guideline value of Ekampara Nagar, located in Menambedu village under the Ambattur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Ekampara Nagar has changed

The guideline value for Ekampara Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,002 per sq.ft, a slight increase from Rs 1,000 per sq.ft in 2023. Prior to that, in 2017, the value was significantly lower at Rs 469 per sq.ft, marking a 113% increase from 2017 to 2023. In 2012, the value was Rs 700 per sq.ft, which reflects a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 43%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. The only revisions available are from 2012, 2017, 2023, and 2024.

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, indicating that the guideline value for Ekampara Nagar is slightly below this median.

• Ekambaram Nagar Extention: Rs 1,001 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 Ekampara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost for these fees to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ekampara Nagar?

The Sub Registrar Office that covers Ekampara 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Menambedu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Ekampara Nagar?

The current guideline value of Ekampara Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 43% over this period.

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

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which Sub Registrar Office covers the registration for Ekampara Nagar?

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

What is the land classification for Ekampara Nagar?

Ekampara Nagar is classified as Residential Class V Type - I, indicating its designation for residential use within the area.