Guideline Value for EKAMBARAM NAGAR

Ekambaram Nagar guideline value

The current guideline value of Ekambaram Nagar is Rs 2,001 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Ekambaram Nagar has changed

The guideline value for Ekambaram Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,001 per sq.ft, which is a slight increase from Rs 2,000 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2023 to 2024, indicating a stable valuation for this period.

Prior to the 2023 revision, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures for this street are from 2023 and 2024, highlighting a consistent valuation in recent years.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value across these streets is Rs 1,500 per sq.ft, placing Ekambaram Nagar's 2024 figure above this median.

• Ellappa Avenue: Rs 1,200 per sq.ft (2024)
• E.V.K. Sampath Street: Rs 1,500 per sq.ft (2024)
• Friends Avenue: Rs 1,200 per sq.ft (2024)
• Ganapathi Nagar (S.No 38/5): Rs 1,500 per sq.ft (2024)
• Dharmaraja Street: Rs 1,100 per sq.ft (2024)
• Ganapathypuram: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, while the registration fee at 2% would be Rs 40,020. Together, the total cost for stamp duty and registration would be Rs 1,80,090. It is important to note that 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 more details.

Which Sub Registrar Office covers Ekambaram Nagar?

The Gooduvancheri Sub Registrar Office covers Ekambaram Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ekambaram Nagar?

The current guideline value of Ekambaram Nagar is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ekambaram Nagar has remained stable at Rs 2,000 per sq.ft in 2023 and increased to Rs 2,001 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Ekambaram Nagar?

Ekambaram Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes within the area.

What are the stamp duty and registration fees for property in Ekambaram Nagar?

For a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070 and the registration fee would be Rs 40,020, totaling Rs 1,80,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Ekambaram Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Ekambaram Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.