Guideline Value for Ekambaram Street (Pasumpon Nagar)

Ekambaram Street (Pasumpon Nagar) guideline value

The current guideline value of Ekambaram Street (Pasumpon Nagar) is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Ekambaram Street (Pasumpon Nagar) 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 226 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, which was a 59% increase from the previous revision. By 2017, the value had surged to Rs 1,507 per sq.ft, reflecting a remarkable 319% increase. However, the register has no figure for this street in 2012.

From 2017 to 2023, the value rose to Rs 2,250 per sq.ft, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1138%.

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 for these streets is Rs 2,090 per sq.ft, making Ekambaram Street's 2024 figure above that median.

• Ekambaram Street, Pammal: Rs 2,475 per sq.ft (2024)
• Ekambaram Street (Gokulam Colony): Rs 2,750 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 (Pasumpon Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ekambaram Street (Pasumpon Nagar)?

Ekambaram Street (Pasumpon Nagar) falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Pammal. When a property is bought or sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In cases where the sale price exceeds the guideline value, the stamp duty is charged based on the higher amount, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Ekambaram Street (Pasumpon Nagar)?

The current guideline value of Ekambaram Street (Pasumpon Nagar) is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 200 per sq.ft to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 1138% over this period.

What is the land classification for Ekambaram Street (Pasumpon Nagar)?

Ekambaram Street (Pasumpon Nagar) is classified as Residential Class I Type - II, which indicates its designation for residential use.

How are stamp duty and registration fees calculated for properties in Pammal?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,75,000 would incur a stamp duty of Rs 1,73,250 and a registration fee of Rs 49,500.

Where can I find the Sub Registrar Office for Ekambaram Street (Pasumpon Nagar)?

The Sub Registrar Office for Ekambaram Street (Pasumpon Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find more details through the provided link.