Guideline Value for Chairman Ekambaranar Street

Chairman Ekambaranar Street guideline value

The current guideline value of Chairman Ekambaranar Street is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Chairman Ekambaranar Street has changed

Over the years, the guideline value of Chairman Ekambaranar Street has seen significant changes. In the 2007 revision, the value was Rs 501 per sq.ft, which increased dramatically to Rs 3,750 per sq.ft in the 2012 revision. However, there was a decrease to Rs 2,512 per sq.ft in the 2017 revision. The 2023 revision saw the value rise to Rs 3,750 per sq.ft, and the most recent 2024 revision has set it at Rs 4,125 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 649%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 723%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, making the guideline value of Chairman Ekambaranar Street above the median.

• Chairman C.N.Mahadevan Street: Rs 4,125 per sq.ft (2024)
• Chinnamaniyakara Street: Rs 3,850 per sq.ft (2024)
• Councilor Devarajanar Street: Rs 4,125 per sq.ft (2024)
• Devadoss Street: Rs 4,125 per sq.ft (2024)
• Bharathiar Street: Rs 3,300 per sq.ft (2024)
• Dr.Varadarajan Street: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Ekambaranar Street

For a 1,000 sq.ft plot at the current rate of Rs 4,125 per sq.ft, the guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total to Rs 3,71,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chairman Ekambaranar Street?

The Sub Registrar Office that covers Chairman Ekambaranar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chengalpattu Town. It serves as a benchmark for determining 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 parties understand the fair value of the property in the market. It is important to note that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Chairman Ekambaranar Street?

The current guideline value of Chairman Ekambaranar Street is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 501 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 723% over the years.

What are the other streets with similar guideline values in Chengalpattu Town?

Other streets in Chengalpattu Town with similar guideline values include Chairman C.N.Mahadevan Street and Councilor Devarajanar Street, both at Rs 4,125 per sq.ft in 2024.

What is the registration fee for property in Chairman Ekambaranar Street?

The registration fee for property in Chairman Ekambaranar Street is calculated at 2% of the guideline value. For a property valued at Rs 41,25,000, the registration fee would be Rs 82,500.

Where can I find the Sub Registrar Office for Chairman Ekambaranar Street?

The Sub Registrar Office for Chairman Ekambaranar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.