Guideline Value for Inbambigai Nagar

Inbambigai Nagar guideline value

The current guideline value of Inbambigai Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Eraiyur village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Inbambigai Nagar has changed

The guideline value for Inbambigai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 200 per sq.ft, and this figure has been maintained through the 2024 revision, reflecting a 0% change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change during this period.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Inbambigai Nagar is equal to this median.

• Isvariyam Avenue: Rs 200 per sq.ft (2024)
• Green Hoilday Resorts: Rs 300 per sq.ft (2024)
• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Ezhil Nagar Extn: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 250 per sq.ft (2024)
• Dream Home: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Inbambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Inbambigai Nagar?

The Sub Registrar Office covering Inbambigai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Eraiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Inbambigai Nagar?

The current guideline value of Inbambigai Nagar is Rs 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, showing a 49% increase from 2017 to 2023.

What is the land classification of Inbambigai Nagar?

Inbambigai Nagar is classified as Residential Class II Type - I under the guideline value register.

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

The Sub Registrar Office for Inbambigai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Inbambigai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.