Guideline Value for EACHAMBADI COLONY 2 ND STREET

Eachambadi Colony 2 Nd Street guideline value

The current guideline value of Eachambadi Colony 2 Nd Street is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village, under the Pallipattu SRO, and is classified as Residential Class V Type - I.

How the guideline value of Eachambadi Colony 2 Nd Street has changed

The guideline value for Eachambadi Colony 2 Nd Street has seen a change from Rs 100 per sq.ft in the 2017 revision to Rs 126 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 26%. However, from 2023 to 2024, there was no change, maintaining the value at Rs 126 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 26%.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft, where the median value is Rs 350 per sq.ft. Eachambadi Colony 2 Nd Street's 2024 guideline value is below this median.

• Eachambadi Colony 1 St Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 3rd Street: Rs 126 per sq.ft (2024)
• Ellapathini Street: Rs 350 per sq.ft (2024)
• Eswaran Koil Street: Rs 350 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Chittoor Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Eachambadi Colony 2 Nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total cost for these fees Rs 11,340. It is important to 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 accurate calculations.

Which Sub Registrar Office covers Eachambadi Colony 2 Nd Street?

The Sub Registrar Office that covers Eachambadi Colony 2 Nd Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

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

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Eachambadi Colony 2 Nd Street?

The current guideline value for Eachambadi Colony 2 Nd Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, marking a 26% increase from 2017 to 2024.

What are the other streets in Pudupet with similar guideline values?

Other streets in Pudupet with a guideline value of Rs 126 per sq.ft in 2024 include Eachambadi Colony 1 St Street and Eachambadi Colony 3rd Street.

Where can I find the Sub Registrar Office for Eachambadi Colony 2 Nd Street?

The Sub Registrar Office for Eachambadi Colony 2 Nd Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is stamp duty calculated for properties in Pudupet?

Stamp duty for properties in Pudupet is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 1,26,000 would incur a stamp duty of Rs 8,820 at 7%.