Guideline Value for Ettiyamman Nagar (Kamarajar Cross Street)

Ettiyamman Nagar (Kamarajar Cross Street) guideline value

The current guideline value of Ettiyamman Nagar (Kamarajar Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ettiyamman Nagar (Kamarajar Cross Street) has changed

The guideline value for Ettiyamman Nagar (Kamarajar Cross Street) has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making the current value of Ettiyamman Nagar (Kamarajar Cross Street) below that median.

• Ettiyamman Nagar Extn AIR Back Side: Rs 990 per sq.ft (2024)
• Ettiyamman Nagar (Kamarajar Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar (Perumal Koil Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar AIR Back Side: Rs 990 per sq.ft (2024)
• Ettiyamman Nagar Venkateswara Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyamman Nagar (Kamarajar Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, resulting in Rs 1,54,000, while the registration fee is charged at 2%, amounting to Rs 44,000. Together, the total cost for these fees is Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ettiyamman Nagar (Kamarajar Cross Street)?

The Sub Registrar Office that covers Ettiyamman Nagar (Kamarajar Cross Street) 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 Thirumullaivoyal

The guideline value is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

During the registration process, the higher value between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's worth as defined by the guideline value.

Frequently asked questions

What is the current guideline value of Ettiyamman Nagar (Kamarajar Cross Street)?

The current guideline value of Ettiyamman Nagar (Kamarajar Cross Street) 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 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There were no figures available for the revisions in 2002, 2003, 2007, and 2017.

What is the land classification for Ettiyamman Nagar (Kamarajar Cross Street)?

The land classification for Ettiyamman Nagar (Kamarajar Cross Street) is Residential Class I Type - II. This classification indicates the type of development permitted in the area.

What is the stamp duty rate for properties in Ettiyamman Nagar?

The stamp duty rate for properties in Ettiyamman Nagar is 7% of the guideline value or the sale price, whichever is higher. This is an essential fee to be considered during property transactions.

Where can I find the Sub Registrar Office for Ettiyamman Nagar?

The Sub Registrar Office for Ettiyamman Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. This office handles the registration of property transactions in the area.