Guideline Value for EKAMBARANATHAR WEST MADA STREET

Ekambaranathar West Mada Street guideline value

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

The guideline value for Ekambaranathar West Mada Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased it to Rs 1,340 per sq.ft, marking a 33% drop. In the subsequent 2023 revision, the value increased to Rs 2,000 per sq.ft, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kanchipuram Town

Kanchipuram Town has 85 streets under the Kanchipuram Joint I SRO that carry a guideline value for 2024, 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, positioning Ekambaranathar West Mada Street above this median.

• Ekambaranathar South Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambarapuram Street: Rs 1,650 per sq.ft (2024)
• Ekambaranathar Sannathi Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar North Mada Street: Rs 2,200 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 West 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, charged at 7%, would be Rs 1,54,000, while 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 more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekambaranathar West Mada Street?

The Sub Registrar Office that covers Ekambaranathar West 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Ekambaranathar West 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 West Mada Street?

Ekambaranathar West Mada Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the registration office for Ekambaranathar West Mada Street?

The registration office for Ekambaranathar West 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 higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.