Guideline Value for EKANGIPURAM 6TH STREET

Ekangipuram 6th Street guideline value

The current guideline value of Ekangipuram 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. 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 6th Street has changed

The guideline value of Ekangipuram 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 369 per sq.ft. This value increased by 63% to Rs 600 per sq.ft in 2007. The subsequent revision in 2012 saw a decrease of 33%, bringing the value back to Rs 2,500 per sq.ft. In 2017, the value rose significantly by 49% to Rs 1,675 per sq.ft. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which then increased by 8% to the current value of Rs 2,700 per sq.ft in 2024.

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

Guideline values in Perambur

In Perambur, 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 is Rs 2,700 per sq.ft, which is equal to the current guideline value of Ekangipuram 6th Street.

• Ekangipuram 5th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 7th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 4th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram Main Road: Rs 2,700 per sq.ft (2024)
• Ekangipuram 3rd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ekangipuram 6th 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, bringing the total to 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 details.

Which Sub Registrar Office covers Ekangipuram 6th Street?

Ekangipuram 6th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the market conditions as per the government’s assessment.

When buying or selling property, the guideline value aids in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ekangipuram 6th Street?

The current guideline value of Ekangipuram 6th 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 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 of Ekangipuram 6th Street?

Ekangipuram 6th Street is classified as Residential Class III Type - II.

Where can I find the Purasaivakkam Sub Registrar Office?

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

How is stamp duty calculated for properties in Ekangipuram 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,89,000.