Guideline Value for EKAMBARAPURAM STREET

Ekambarapuram Street guideline value

The current guideline value of Ekambarapuram Street is Rs 1,650 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 II Type - III.

How the guideline value of Ekambarapuram Street has changed

Over the years, the guideline value of Ekambarapuram Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 400 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 1,500 per sq.ft in 2023, and most recently, it has risen to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 313%. The changes between the revisions highlight the fluctuations in property valuation over the years, with the most significant increase occurring between 2007 and 2012, and a steady rise observed from 2017 to 2024.

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 is Rs 1,650 per sq.ft, which is equal to the guideline value of Ekambarapuram Street.

• Ekambaranathar West Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar South Mada Street: Rs 2,200 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 Ekambarapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Ekambarapuram Street?

The Sub Registrar Office covering Ekambarapuram 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. To find your SRO, you can visit find your SRO.

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 at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ekambarapuram Street?

The current guideline value of Ekambarapuram Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification for Ekambarapuram Street?

Ekambarapuram Street is classified as Residential Class II Type - III according to the guideline value register.

Where is the Kanchipuram Joint I Sub Registrar Office located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000, leading to specific fees based on that value.