Guideline Value for EKAMBARANATHAR SANNATHI STREET

Ekambaranathar Sannathi Street guideline value

The current guideline value of Ekambaranathar Sannathi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ekambaranathar Sannathi Street has changed

Over the years, the guideline value for Ekambaranathar Sannathi Street has seen significant changes. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision. This was a substantial rise of 233%. However, from 2012 to 2017, the value dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. In the 2023 revision, the guideline value rose again to Rs 2,000 per sq.ft, and most recently, it has been set at Rs 2,200 per sq.ft from 2024, reflecting a 10% increase from the previous year.

To summarize the revisions: from 2007 to 2024, the guideline value has increased by 267%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Ekambaranathar Sannathi Street is above this median.

• Ekambaranathar North Mada 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 Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 or the sale price.

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

Which Sub Registrar Office covers Ekambaranathar Sannathi Street?

The Sub Registrar Office that covers Ekambaranathar Sannathi 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 information.

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 serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is important for both the buyer and the seller. It helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ekambaranathar Sannathi Street?

The current guideline value of Ekambaranathar Sannathi 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 significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 267%.

What is the land classification of Ekambaranathar Sannathi Street?

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

Where can I find the registration office for this street?

The registration office for Ekambaranathar Sannathi 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, whichever is higher. For example, on a property valued at Rs 22,00,000, the stamp duty would be calculated at 7% of that amount.