Guideline Value for EKAMBARANATHAR SOUTH MADA STREET

Ekambaranathar South Mada Street guideline value

The current guideline value of Ekambaranathar South Mada 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 South Mada Street has changed

The guideline value for Ekambaranathar South Mada Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to the current rate of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, there has been a 10% rise in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town has 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Ekambaranathar South Mada Street's 2024 figure above this median.

• Ekambaranathar Sannathi Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar West Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar North 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 South 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, bringing the total to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekambaranathar South Mada Street?

Ekambaranathar South Mada Street is covered by 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 property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and reflects the standard rates for various areas.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to ensure that transactions are conducted fairly and transparently, adhering to the regulations set by the local authorities.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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 South Mada Street?

Ekambaranathar South Mada Street is classified as Residential Class I Type - III, indicating its designation for residential use.

Where can I find the registration office for this street?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.