Guideline Value for Ettiamman Nagar

Ettiamman Nagar guideline value

The current guideline value of Ettiamman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This locality is situated in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ettiamman Nagar has changed

The guideline value for Ettiamman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,800 per sq.ft. In 2017, this value decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and further rose to Rs 1,980 per sq.ft in 2024, representing a 10% increase.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the jump from 2017 to 2023 was substantial at 49%. It is important to mention that the register has no figures for Ettiamman Nagar for the years 2002, 2003, and 2007.

Guideline values in Kattupakkam

Kattupakkam village has a range of guideline values across its 75 streets under the Kunrathur SRO, with values in 2024 ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Ettiamman Nagar's 2024 value below this median.

• Elavarasi Nagar: Rs 1,980 per sq.ft (2024)
• Ganapathy Nagar: Rs 3,520 per sq.ft (2024)
• D.S.M. Nagar: Rs 1,980 per sq.ft (2024)
• D.R.R. Nagar: Rs 1,980 per sq.ft (2024)
• C.T.A. Nagar & Phase I: Rs 1,980 per sq.ft (2024)
• Chokkammal Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Ettiamman Nagar?

The Sub Registrar Office that covers Ettiamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kattupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions.

Frequently asked questions

What is the current guideline value of Ettiamman Nagar?

The current guideline value of Ettiamman Nagar is Rs 1,980 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 1,980 per sq.ft in 2024.

What is the land classification of Ettiamman Nagar?

Ettiamman Nagar is classified as Residential Class I Type - II, indicating its use for residential purposes.

Where can I find the registration office for Ettiamman Nagar?

The registration office for Ettiamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Ettiamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.