Guideline Value for EKANGIPURAM 4TH STREET

Ekangipuram 4th Street guideline value

The current guideline value of Ekangipuram 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - II.

How the guideline value of Ekangipuram 4th Street has changed

The guideline value for Ekangipuram 4th Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 385 per sq.ft. This increased to Rs 422 per sq.ft in 2003, marking a rise of 10%. The value continued to rise significantly, reaching Rs 600 per sq.ft in 2007, which was a 42% increase from the previous revision. The 2012 revision saw a substantial jump to Rs 2,500 per sq.ft, reflecting a 317% increase. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft, which was a drop of 33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024, an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 601%. The register has no figures for the years not explicitly mentioned for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Ekangipuram 4th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to 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, making a total of 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 use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ekangipuram 4th Street?

The Sub Registrar Office that covers Ekangipuram 4th 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 plays a crucial role during property registration in Perambur. It is used to determine the stamp duty and registration fees applicable for the transaction. When you register a property, the guideline value is considered to ensure that the appropriate fees are collected based on the established rates.

Additionally, the guideline value helps in maintaining transparency in property transactions. It serves as a benchmark for both buyers and sellers, ensuring that the property is valued fairly according to the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Ekangipuram 4th Street?

The current guideline value of Ekangipuram 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 385 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 601% over the years.

What are the stamp duty and registration fees for a property in Ekangipuram 4th Street?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Ekangipuram 4th Street?

The Purasaivakkam Sub Registrar Office covers Ekangipuram 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Ekangipuram 4th Street?

Ekangipuram 4th Street is classified as Residential Class III Type - II.