Guideline Value for Etti annal nagar

Etti annal nagar guideline value

The current guideline value for Etti annal nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Etti annal nagar has changed

The guideline value for Etti annal nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest 2024 revision raised it to Rs 2,200 per sq.ft.

Between these revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 400%. However, from 2012 to 2017, the value decreased by 33%. The value saw a significant rise of 49% from 2017 to 2023, and then a further increase of 10% from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current value for Etti annal nagar.

• Ezhil nagar: Rs 2,200 per sq.ft (2024)
• Easwari nagar: Rs 2,200 per sq.ft (2024)
• Easwaran koil vadavandai mada veethi: Rs 2,200 per sq.ft (2024)
• East mada veethi: Rs 2,200 per sq.ft (2024)
• Durga nagar: Rs 2,200 per sq.ft (2024)
• DRR nagar: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Etti annal nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Etti annal nagar?

The Sub Registrar Office that covers Etti annal nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Poonthamallee. It determines the minimum value at which property transactions are registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the necessary fees are collected by the authorities.

Frequently asked questions

What is the current guideline value for Etti annal nagar?

The current guideline value for Etti annal nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Etti annal nagar?

Etti annal nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Etti annal nagar?

The Sub Registrar Office for Etti annal nagar is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How do I calculate the stamp duty for property in Etti annal nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.