Guideline Value for EKKAL COLONY

Ekkal Colony guideline value

The current guideline value of Ekkal Colony is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vellivoyal village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ekkal Colony has changed

The guideline value for Ekkal Colony has seen several revisions over the years. The earliest recorded revision was in 2017, setting the value at Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Ekkal Colony in the register.

Guideline values in Vellivoyal

In Vellivoyal village, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which matches the current value for Ekkal Colony.

• Durugan Colony: Rs 550 per sq.ft (2024)
• Devi Karumari Nagar/ Ext: Rs 495 per sq.ft (2024)
• Charles Nagar: Rs 440 per sq.ft (2024)
• Asirvadham Nagar: Rs 440 per sq.ft (2024)
• Ambal Nagar/Ext: Rs 715 per sq.ft (2024)
• Al Mass Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ekkal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Therefore, the total fees together would be Rs 39,600. It is 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 Ekkal Colony?

The Sub Registrar Office that covers Ekkal Colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property in Vellivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Ekkal Colony?

The current guideline value of Ekkal Colony is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for Ekkal Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Ekkal Colony?

The Thiruvottiyur Sub Registrar Office handles registrations for Ekkal Colony, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It acts as a reference point for the financial aspects of property transactions in the area.