Guideline Value for EKAMBARANATHAR NORTH MADA STREET

Ekambaranathar North Mada Street guideline value

The current guideline value of Ekambaranathar North Mada Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ekambaranathar North Mada Street has changed

The guideline value for Ekambaranathar North Mada Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. This marked a significant decrease of 33%. However, the value increased to Rs 2,000 per sq.ft again in the 2023 revision, followed by a further rise to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 revision saw a notable increase of 10%, while the period from 2017 to 2023 experienced a substantial rise of 49%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Ekambaranathar North Mada Street's 2024 figure above that median.

• Ekambaranathar Sannathi Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar South Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar West Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambarapuram Street: Rs 1,650 per sq.ft (2024)
• East Raja Street: Rs 3,300 per sq.ft (2024)
• Dhamalvar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaranathar North Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekambaranathar North Mada Street?

The Sub Registrar Office that covers Ekambaranathar North Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. The guideline value is established based on various factors and is updated periodically to reflect changes in the market.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, which is vital for funding public services and infrastructure.

Frequently asked questions

What is the current guideline value of Ekambaranathar North Mada Street?

The current guideline value of Ekambaranathar North Mada Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Ekambaranathar North Mada Street?

Ekambaranathar North Mada Street is classified as Residential Class I Type - III.

Where can I find the registration office for this street?

The registration office for Ekambaranathar North Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kanchipuram Town?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.