Guideline Value for EKATHAMMAN NAGAR

Ekathamman Nagar guideline value

The current guideline value of Ekathamman Nagar, located in Koduvali village under the Arani_Tiruvallur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ekathamman Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% rise from 2017 to 2023 and maintaining the same rate in 2024, which means there was a 0% change from 2023 to 2024. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value increased by 49%. The consistent rate of Rs 400 per sq.ft in the last two revisions indicates stability in the guideline value for Ekathamman Nagar.

Guideline values in Koduvali

In Koduvali village, three streets under the Arani_Tiruvallur SRO have a 2024 guideline value of Rs 400 per sq.ft, with the median also being Rs 400 per sq.ft. Thus, Ekathamman Nagar's 2024 figure aligns with this median.

• Sri Nagar: Rs 400 per sq.ft (2024)
• Sriradi Sai Baba Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ekathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekathamman Nagar?

The Ekathamman Nagar area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Koduvali. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ekathamman Nagar?

The current guideline value of Ekathamman Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% rise from 2017 to 2023, with no change in the subsequent year.

What is the land classification for Ekathamman Nagar?

Ekathamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Ekathamman Nagar?

For a 1,000 sq.ft property at the guideline value of Rs 4,00,000, the total stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which Sub Registrar Office handles registrations for Ekathamman Nagar?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Ekathamman Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.