Guideline Value for EKKATTUTHANGAL ROAD

Ekkattuthangal Road guideline value

The current guideline value of Ekkattuthangal Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This road is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Ekkattuthangal Road has changed

The guideline value for Ekkattuthangal Road has seen significant changes over the years. In 2002, the guideline value was Rs 589 per sq.ft. This figure increased to Rs 737 per sq.ft in 2003, marking a 25% rise. The value continued to grow, reaching Rs 1,100 per sq.ft in 2007, which was a substantial increase of 49%. However, from 2007 to 2012, the value decreased to Rs 7,500 per sq.ft, reflecting a decline of 33%. The 2017 revision saw a notable increase to Rs 5,025 per sq.ft, followed by a jump to Rs 7,500 per sq.ft in 2023, and finally reaching Rs 8,250 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. The overall increase from 2002 to 2024 is a remarkable 1301%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Ekkattuthangal Road's 2024 figure above that median.

• East Kulakkarai Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Naicken Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Garden Street: Rs 3,300 per sq.ft (2024)
• Dhanasekaran Street (Raja Naicken G): Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 4,400 per sq.ft (2024)
• Devu Naidu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ekkattuthangal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value would be Rs 82,50,000. The stamp duty at 7% would amount to Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, making the total cost for these fees Rs 7,42,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekkattuthangal Road?

The Sub Registrar Office that covers Ekkattuthangal Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue through taxes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ekkattuthangal Road?

The current guideline value of Ekkattuthangal Road is Rs 8,250 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 589 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, reflecting a total increase of 1301% over the years.

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

For a 1,000 sq.ft property, the total guideline value is Rs 82,50,000. The stamp duty would be Rs 5,77,500, and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which Sub Registrar Office covers Ekkattuthangal Road?

The Chennai South Joint II Sub Registrar Office covers Ekkattuthangal Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Ekkattuthangal Road?

The land classification for Ekkattuthangal Road is Commercial Class I Type - II, indicating its suitability for commercial activities.