Guideline Value for E.K.K. NAGAR

E.K.K. Nagar guideline value

The current guideline value of E.K.K. Nagar, located in Ammannmpakkam village under the Arani_Tiruvallur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of E.K.K. Nagar has changed

The guideline value for E.K.K. Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This figure remained until the 2023 revision, which also recorded Rs 500 per sq.ft. The most recent revision in 2024 maintained this value at Rs 500 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ammannmpakkam

Ammannmpakkam village has 10 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 325 per sq.ft, placing E.K.K. Nagar's 2024 figure above this median.

• A.S.D. Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)
• S.K. Leelavathy Nagar Annex: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• Sri Govindan Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, the total fees would be Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers E.K.K. Nagar?

The Sub Registrar Office that covers E.K.K. Nagar is 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 Ammannmpakkam

The guideline value is a crucial factor in property transactions in Ammannmpakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During registration, the higher value between the guideline value and the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of E.K.K. Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values for other streets in Ammannmpakkam?

Other streets in Ammannmpakkam have guideline values ranging from Rs 200 to Rs 500 per sq.ft. The median for these streets is Rs 325 per sq.ft.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers E.K.K. Nagar?

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