Guideline Value for Ekambaram Street, Pammal

Ekambaram Street, Pammal guideline value

The current guideline value of Ekambaram Street, Pammal is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Ekambaram Street, Pammal has changed

Over the years, the guideline value of Ekambaram Street has seen significant changes. The 2017 revision recorded a value of Rs 1,507 per sq.ft, which increased to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 2,475 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with the 2024 guideline values 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 this median.

• Ekambaram Street (Gokulam Colony): Rs 2,750 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, Pammal

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 amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total charges to Rs 2,22,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ekambaram Street, Pammal?

Ekambaram Street, Pammal 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value influences the overall cost incurred during registration. Buyers need to be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Ekambaram Street, Pammal?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which means Ekambaram Street's 2024 value is above this median.

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

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Where is the Sub Registrar Office for Ekambaram Street, Pammal located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.