Guideline Value for EKAMBARA PILLAI STREET

Ekambara Pillai Street guideline value

The current guideline value of Ekambara Pillai Street is Rs 1,200 per sq.ft. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ekambara Pillai Street has changed

Over the years, the guideline value of Ekambara Pillai Street has seen several revisions. In 2002, the guideline value was Rs 79 per sq.ft, which increased to Rs 89 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 200 per sq.ft in 2007, representing a 125% increase. Following this, the value surged to Rs 1,100 per sq.ft in 2012, reflecting a remarkable 450% increase. However, it decreased to Rs 737 per sq.ft in 2017, showing a decline of 33%. The value then increased again to Rs 1,100 per sq.ft in 2023, and finally reached Rs 1,200 per sq.ft in the 2024 revision, which is effective from 1 July 2024, indicating a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,419%. The register has no figures for revisions in the years not mentioned above.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with the median value being Rs 1,200 per sq.ft. Ekambara Pillai Street's 2024 guideline value is equal to this median.

• Duraiswamy Street: Rs 1,200 per sq.ft (2024)
• Duraiswamy Iyar Street: Rs 1,200 per sq.ft (2024)
• Dr. Rajendra Prasad Street: Rs 1,200 per sq.ft (2024)
• Dr. Radhakrishnan Road: Rs 1,200 per sq.ft (2024)
• Dr. New M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• Ettiyappan Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambara Pillai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total amount Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekambara Pillai Street?

The Sub Registrar Office that covers Ekambara Pillai Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Manali, the guideline value plays a crucial role in determining the registration fees and stamp duty applicable to the transaction. The guideline value is set by the Registration Department and is used as a basis for calculating the costs associated with property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Ekambara Pillai Street?

The current guideline value of Ekambara Pillai Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 79 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, showing an overall increase of 1,419% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,08,000, which includes a stamp duty of Rs 84,000 and a registration fee of Rs 24,000.

Which office handles registrations for properties on Ekambara Pillai Street?

The Thiruvottiyur Sub Registrar Office handles registrations for properties on Ekambara Pillai Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Ekambara Pillai Street?

Ekambara Pillai Street is classified as Residential Special Type - II according to the current guidelines.