Guideline Value for EAGAMUGAN STREET

Eagamugan Street guideline value

The current guideline value of Eagamugan Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Eagamugan Street has changed

The guideline value for Eagamugan Street has seen several revisions over the years. In 2003, the value was Rs 232 per sq.ft, which increased to Rs 250 per sq.ft in 2007. The value then rose significantly to Rs 800 per sq.ft in 2012, before dropping to Rs 536 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 800 per sq.ft, and it has increased to Rs 880 per sq.ft in the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 saw a decrease of 33%. The 2007 to 2012 period experienced a substantial increase of 220%, and the 2003 to 2007 period had a modest rise of 8%. Overall, from 2003 to 2024, the guideline value has increased by 279%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Eagamugan Street's 2024 figure below that median.

• Chengalvarayan Otha Vadai Street: Rs 880 per sq.ft (2024)
• Bathirakali Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Avakuttai Street: Rs 1,320 per sq.ft (2024)
• Kailasanathar Mettu Street: Rs 880 per sq.ft (2024)
• Kajana Ramarayar Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Eagamugan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Eagamugan Street?

The Sub Registrar Office that covers Eagamugan Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate fees through stamp duty and registration charges.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eagamugan Street?

The current guideline value of Eagamugan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 232 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, with various increases and decreases in between, such as a 49% increase from 2017 to 2023.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value for the 48 streets in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is higher than the current value of Eagamugan Street.

What are the stamp duty and registration fees for properties in Eagamugan Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Eagamugan Street?

The Kanchipuram Joint II Sub Registrar Office covers Eagamugan Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.