Guideline Value for Ekambaram Street (Gokulam Colony)

Ekambaram Street (Gokulam Colony) guideline value

The current guideline value of Ekambaram Street (Gokulam Colony) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ekambaram Street (Gokulam Colony) has changed

The guideline value of Ekambaram Street has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This increased to Rs 355 per sq.ft in 2003, marking a rise of 78%. The value then rose to Rs 470 per sq.ft in 2007, which was a 32% increase. Following this, the value jumped dramatically to Rs 1,675 per sq.ft in 2017, reflecting a substantial increase of 256%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% rise from the previous figure. The most recent revision in 2024 has brought the guideline value to Rs 2,750 per sq.ft, which is a 10% increase from 2023. The register has no figure for this street in 2012.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Ekambaram Street's 2024 figure above that median.

• Ekambaram Street, Pammal: Rs 2,475 per sq.ft (2024)
• Ekambaram Street (Pasumpon Nagar): Rs 2,475 per sq.ft (2024)
• Elango Cross Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar, Cross Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Easwaran Nagar 8th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaram Street (Gokulam Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ekambaram Street (Gokulam Colony)?

The Sub Registrar Office that covers Ekambaram Street (Gokulam Colony) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is used to calculate the applicable fees. It is important to note that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Ekambaram Street (Gokulam Colony)?

The current guideline value of Ekambaram Street (Gokulam Colony) is Rs 2,750 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 200 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Ekambaram Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Ekambaram Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Ekambaram Street (Gokulam Colony)?

The Sub Registrar Office for Ekambaram Street (Gokulam Colony) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.