Guideline Value for Ekambaram Avenue Phase-II

Ekambaram Avenue Phase-II guideline value

The current guideline value of Ekambaram Avenue Phase-II is Rs 3,025 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - V.

How the guideline value of Ekambaram Avenue Phase-II has changed

The guideline value for Ekambaram Avenue Phase-II has undergone several revisions over the years. The 2012 revision set the value at Rs 2,750 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 1,842 per sq.ft. Following this, the 2023 revision increased the value significantly to Rs 2,750 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,025 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, which is equal to the current guideline value of Ekambaram Avenue Phase-II.

• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)
• Eswaran Koil Street: Rs 4,400 per sq.ft (2024)
• Dr.Varadarajan Street: Rs 4,125 per sq.ft (2024)
• Gandhi Salai: Rs 4,400 per sq.ft (2024)
• Devadoss Street: Rs 4,125 per sq.ft (2024)
• Councilor Devarajanar Street: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaram Avenue Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value would be Rs 30,25,000. The stamp duty at 7% would amount to Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, bringing the total to Rs 2,72,250. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekambaram Avenue Phase-II?

The Sub Registrar Office that covers Ekambaram Avenue Phase-II is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. 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 Ekambaram Avenue Phase-II?

The current guideline value of Ekambaram Avenue Phase-II is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,750 per sq.ft in 2012 to Rs 1,842 per sq.ft in 2017, then increased to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,025 per sq.ft in 2024.

What is the land classification for Ekambaram Avenue Phase-II?

Ekambaram Avenue Phase-II is classified as Residential Special Type - V.

Which office handles the registration for Ekambaram Avenue Phase-II?

The Chengleput Joint I Sub Registrar Office handles the registration for Ekambaram Avenue Phase-II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Ekambaram Avenue Phase-II?

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 guideline value would be Rs 30,25,000, leading to a stamp duty of Rs 2,11,750 at 7%.