Guideline Value for EKANGIPURAM 2ND STREET

Ekangipuram 2nd Street guideline value

The current guideline value of Ekangipuram 2nd Street is Rs 2,700 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Ekangipuram 2nd Street has changed

Over the years, the guideline value of Ekangipuram 2nd Street has seen significant changes. Starting from the 2003 revision, the value was Rs 369 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a rise of 63%. The value then surged to Rs 2,500 per sq.ft in 2012, an increase of 317%. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has reached Rs 2,700 per sq.ft in the 2024 revision, reflecting an increase of 8%.

It is important to note that there is no figure available for the 2002 revision for this street. Overall, from 2003 to 2024, the guideline value has increased by 632%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Ekangipuram 2nd Street.

• Ekangipuram 1st Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 3rd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 4th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 5th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 6th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ekangipuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ekangipuram 2nd Street?

The Sub Registrar Office that covers Ekangipuram 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ekangipuram 2nd Street?

The current guideline value of Ekangipuram 2nd Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 369 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 632% over the years.

What is the land classification for Ekangipuram 2nd Street?

Ekangipuram 2nd Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office located for this street?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covering Ekangipuram 2nd Street.