Guideline Value for Elizabath Nagar Extn

Elizabath Nagar Extn guideline value

The current guideline value of Elizabath Nagar Extn is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Elizabath Nagar Extn has changed

The guideline value for Elizabath Nagar Extn has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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 guideline value for these streets is Rs 1,900 per sq.ft, indicating that Elizabath Nagar Extn's 2024 figure of Rs 1,600 per sq.ft is below the median.

• Elisabeth Nagar: 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)
• Egamberaswrer Nagar: Rs 1,900 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 Elizabath Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Elizabath Nagar Extn?

The Elizabath Nagar Extn area is covered by 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 a crucial factor when registering property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is bought or sold, the registration office uses the guideline value to assess the applicable charges. This ensures that the fees are calculated based on a standardized value, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Elizabath Nagar Extn?

The current guideline value of Elizabath Nagar Extn is Rs 1,600 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 1,600 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification of Elizabath Nagar Extn?

Elizabath Nagar Extn is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Elizabath Nagar Extn?

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

How is stamp duty calculated for properties in Elizabath Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.