Guideline Value for Ekambaram Avenue Phase-I

Ekambaram Avenue Phase-I guideline value

The current guideline value of Ekambaram Avenue Phase-I is Rs 3,025 per sq.ft, effective from 1 July 2024. This property 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-I has changed

The guideline value for Ekambaram Avenue Phase-I has undergone several revisions over the years. The 2012 revision set the value at Rs 2,750 per sq.ft, which was then reduced to Rs 1,842 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,750 per sq.ft in the 2023 revision, and finally rose to Rs 3,025 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between 2012 and 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have 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, with a median value of Rs 3,025 per sq.ft. The guideline value of Ekambaram Avenue Phase-I matches this median.

• Ekambaram Avenue Phase-II: 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-I

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,72,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekambaram Avenue Phase-I?

The Sub Registrar Office that covers Ekambaram Avenue Phase-I is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 plays a crucial role in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are recorded at a fair value.

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

Frequently asked questions

What is the current guideline value of Ekambaram Avenue Phase-I?

The current guideline value of Ekambaram Avenue Phase-I 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 seen several changes: from Rs 2,750 per sq.ft in 2012 to Rs 1,842 per sq.ft in 2017. It then rose 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 of Ekambaram Avenue Phase-I?

Ekambaram Avenue Phase-I is classified as Residential Special Type - V, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,72,250, based on the current guideline value of Rs 30,25,000.

Which office handles registrations for Ekambaram Avenue Phase-I?

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