Guideline Value for Ekambara Dabedhar Street

Ekambara Dabedhar Street guideline value

The current guideline value of Ekambara Dabedhar Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ekambara Dabedhar Street has changed

The guideline value for Ekambara Dabedhar Street has undergone several revisions over the years. In 2002, the value was Rs 414 per sq.ft, which increased to Rs 518 per sq.ft in 2003, marking a 25% rise. The value saw further increments, reaching Rs 800 per sq.ft in 2007, a significant increase of 54%. By 2012, the value was Rs 3,500 per sq.ft, reflecting a substantial increase of 338% from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value rose to Rs 3,500 per sq.ft, and the latest revision in 2024 sees it at Rs 3,850 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 830%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the current guideline value of Ekambara Dabedhar Street.

• East Silver Street: Rs 3,300 per sq.ft (2024)
• East Raja Street: Rs 3,300 per sq.ft (2024)
• East Parade Street: Rs 3,300 per sq.ft (2024)
• East Chetty Street: Rs 3,300 per sq.ft (2024)
• Eswaran Koil Street: Rs 2,750 per sq.ft (2024)
• European Lane: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambara Dabedhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. 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 Ekambara Dabedhar Street?

Ekambara Dabedhar Street is covered by 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Parangimalai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ekambara Dabedhar Street?

The current guideline value of Ekambara Dabedhar Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with an overall increase of 830% from 2002 to 2024. The most recent revision in 2024 reflects a 10% increase from the previous year.

What is the land classification for Ekambara Dabedhar Street?

Ekambara Dabedhar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ekambara Dabedhar Street?

The Sub Registrar Office covering Ekambara Dabedhar Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Ekambara Dabedhar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 2,69,500 at the current guideline value.