Guideline Value for E.K.K. NAGAR PHASE-I

E.K.K. Nagar Phase-I guideline value

The current guideline value of E.K.K. Nagar Phase-I is Rs 175 per sq.ft, effective from 1 July 2024. This property is located in Vadamadurai-1 village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of E.K.K. Nagar Phase-I has changed

The guideline value for E.K.K. Nagar Phase-I has seen several revisions over the years. The 2017 revision set the value at Rs 117 per sq.ft. This figure was then increased to Rs 175 per sq.ft in both the 2023 and 2024 revisions, showing a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 175 per sq.ft, indicating stability in this period. The consistent value across these two years suggests a steady state for property valuation in E.K.K. Nagar Phase-I.

Guideline values in Vadamadurai-1

In Vadamadurai-1, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for E.K.K. Nagar Phase-I is below this median.

• Dr. Kalam City: Rs 200 per sq.ft (2024)
• Dr. Apj City: Rs 200 per sq.ft (2024)
• M.T.C. Nagar Phase-VI: Rs 200 per sq.ft (2024)
• New Star City: Rs 350 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 200 per sq.ft (2024)
• Sri Kumaran Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in E.K.K. Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, totaling Rs 15,750. 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 details.

Which Sub Registrar Office covers E.K.K. Nagar Phase-I?

The E.K.K. Nagar Phase-I falls under the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadamadurai-1

The guideline value is a crucial factor in the registration process when buying or selling property in Vadamadurai-1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of E.K.K. Nagar Phase-I?

The current guideline value of E.K.K. Nagar Phase-I is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 117 per sq.ft in 2017 to Rs 175 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What other streets have guideline values in Vadamadurai-1?

Other streets in Vadamadurai-1 include Dr. Kalam City, Dr. Apj City, M.T.C. Nagar Phase-VI, New Star City, Sri Bhavani Amman Nagar, and Sri Kumaran Avenue, with values ranging from Rs 200 to Rs 350 per sq.ft in 2024.

What are the stamp duty and registration fees for E.K.K. Nagar Phase-I?

The stamp duty for a property in E.K.K. Nagar Phase-I is 7%, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 15,750.

Where is the Sub Registrar Office for E.K.K. Nagar Phase-I located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.