Guideline Value for EKANGIPURAM MAIN ROAD

Ekangipuram Main Road guideline value

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

How the guideline value of Ekangipuram Main Road has changed

The guideline value for Ekangipuram Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, when the value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, followed by a rise to Rs 600 per sq.ft in 2007. The value then surged to Rs 2,500 per sq.ft in 2012, before dropping to Rs 1,675 per sq.ft in 2017. The guideline value was Rs 2,500 per sq.ft in 2023, and it has now increased to Rs 2,700 per sq.ft in 2024.

Between the revisions, the most significant changes occurred from 2007 to 2012, with an increase of 317%, and from 2017 to 2023, with a rise of 49%. The current revision of 2024 shows an increase of 8% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 704%. There are no figures available for revisions in years other than those listed.

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 is Rs 2,700 per sq.ft, which aligns with the current guideline value for Ekangipuram Main Road.

• Ekangipuram 7th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 6th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 5th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 4th Street: 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 Main Road

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, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be 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 Main Road?

The Sub Registrar Office that covers Ekangipuram Main Road is 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 when registering property transactions in Perambur. It serves as a benchmark for determining the minimum price at which properties can be sold or bought, ensuring that the registration process is transparent and standardized.

When you decide to buy or sell property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ekangipuram Main Road?

The current guideline value of Ekangipuram Main Road 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 over the years, with the most notable increase occurring from 2007 to 2012, where it rose by 317%. The overall increase from 2002 to 2024 is 704%.

What are the stamp duty and registration fees for property in Ekangipuram Main Road?

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 Ekangipuram Main Road?

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

What is the land classification for Ekangipuram Main Road?

Ekangipuram Main Road is classified as Residential Class III Type - II, indicating its use for residential purposes.