Guideline Value for EKAVALLI NAGAR

Ekavalli Nagar guideline value

The current guideline value of Ekavalli Nagar, located in Chembarambakkam village under the Poonamallee SRO, is Rs 878 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - V land classification.

How the guideline value of Ekavalli Nagar has changed

The guideline value for Ekavalli Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 878 per sq.ft, which is an increase from Rs 800 per sq.ft in the 2023 revision, reflecting a change of +10%. Prior to the 2023 revision, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for Ekavalli Nagar have changed from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024. The earlier revisions do not provide figures for this street, indicating that the current value is based solely on the recent revisions.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO with a 2024 guideline value range from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ekavalli Nagar's 2024 figure below that median.

• Eternity: Rs 2,800 per sq.ft (2024)
• Eternity Phase II: Rs 2,800 per sq.ft (2024)
• Gandhi Street Aathukal Street Till Well 97/4c, 4i,4j,5,6.7.8.9.10: Rs 878 per sq.ft (2024)
• Gandhi Street Athukkal Therukenar Varai: Rs 878 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,750 per sq.ft (2024)
• Chandra Avenue: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Ekavalli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value amounts to Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total cost for these fees to Rs 79,020. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ekavalli Nagar?

Ekavalli Nagar is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chembarambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Ekavalli Nagar?

The current guideline value of Ekavalli Nagar is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024. No figures are available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Ekavalli Nagar?

Ekavalli Nagar falls under the Residential Class I Type - V land classification. This classification is important for understanding the usage and potential of the land.

What are the stamp duty rates for properties in Ekavalli Nagar?

The stamp duty rate for properties in Ekavalli Nagar is 7%. This is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ekavalli Nagar?

The Sub Registrar Office covering Ekavalli Nagar is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO through the provided link.