Guideline Value for E.C.R Salai

E.C.R Salai guideline value

The current guideline value of E.C.R Salai in Mamallapuram village, under the Thirukazhukundram SRO, is Rs 1,330 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - III.

How the guideline value of E.C.R Salai has changed

The guideline value for E.C.R Salai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,330 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. This marks an 11% rise from the previous year. Looking back further, the 2017 revision recorded a value of Rs 804 per sq.ft, reflecting a significant 49% increase to the 2023 figure. The 2012 revision also listed the value at Rs 1,200 per sq.ft, which is a decrease of 33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for E.C.R Salai. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Mamallapuram

Mamallapuram has a total of 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing E.C.R Salai's 2024 figure above this median.

• E.C.R. 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• E.C.R. 1st Cross Street: Rs 1,210 per sq.ft (2024)
• East Raja Veedhi East side, West side: Rs 1,650 per sq.ft (2024)
• Fisherman Colony: Rs 825 per sq.ft (2024)
• Fisherman Colony 1st Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in E.C.R Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,330 per sq.ft, the total guideline value amounts to Rs 13,30,000. The stamp duty at 7% would be Rs 93,100, and the registration fee at 2% would be Rs 26,600, bringing the total fees to Rs 1,19,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers E.C.R Salai?

The E.C.R Salai area is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in real estate dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of E.C.R Salai?

The current guideline value of E.C.R Salai is Rs 1,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,330 per sq.ft in 2024, marking an 11% rise. From 2017 to 2023, it increased by 49% from Rs 804 per sq.ft.

What is the land classification for E.C.R Salai?

The land classification for E.C.R Salai is Commercial Class I Type - III, indicating its commercial potential and usage.

What are the stamp duty rates for property in E.C.R Salai?

The stamp duty for property transactions in E.C.R Salai is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Which office handles property registrations in Mamallapuram?

The Thirukazhukundram Sub Registrar Office handles property registrations in Mamallapuram. Its address is Thiruchengode - 637 211, Chengalpattu registration zone.