Guideline Value for ECOPOLIS

Ecopolis guideline value

The current guideline value of Ecopolis in Valayaputhoor village is Rs 103 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Ecopolis has changed

The guideline value for Ecopolis has seen several revisions over the years. Starting from Rs 40 per sq.ft in 2007, it increased to Rs 70 per sq.ft in 2012, then decreased to Rs 47 per sq.ft in 2017. The value rose significantly to Rs 100 per sq.ft in 2023, and currently stands at Rs 103 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 158%. Notably, the jump from 2017 to 2023 was a remarkable 113%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 75%. The latest revision from 2023 to 2024 reflects a modest increase of 3%.

Guideline values in Valayaputhoor

In Valayaputhoor, there are four streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 150 per sq.ft. The median value is Rs 103 per sq.ft, which is the same as the guideline value for Ecopolis.

• Jeyam Nagar: Rs 100 per sq.ft (2024)
• Saranalaya Nagar Phase-I: Rs 150 per sq.ft (2024)
• Tristar Garden: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Ecopolis

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. The total cost for these fees together would be Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ecopolis?

The Sub Registrar Office that covers Ecopolis is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Valayaputhoor. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ecopolis?

The current guideline value of Ecopolis is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 40 per sq.ft to Rs 103 per sq.ft in 2024, marking a total increase of 158% over the years.

What are the guideline values of other streets in Valayaputhoor?

Other streets in Valayaputhoor include Jeyam Nagar at Rs 100 per sq.ft, Saranalaya Nagar Phase-I at Rs 150 per sq.ft, and Tristar Garden at Rs 103 per sq.ft for 2024.

What fees are associated with buying property in Ecopolis?

When buying property in Ecopolis, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Ecopolis located?

The Sub Registrar Office for Ecopolis is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.