Guideline Value for Ekambaram Street

Ekambaram Street guideline value

The current guideline value of Ekambaram Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Ekambaram Street has changed

The guideline value of Ekambaram Street has seen several revisions over the years. In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent upward trend in the guideline value indicates changes in the local real estate landscape, with the latest figure being Rs 1,100 per sq.ft.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Ekambaram Street's 2024 figure below that median.

• E.C.T.V Nagar: Rs 1,320 per sq.ft (2024)
• Elangovadigal Street: Rs 1,100 per sq.ft (2024)
• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Ellarajamanickam Street: Rs 2,200 per sq.ft (2024)
• ErattaiMalai Srinivasan Stree: Rs 1,100 per sq.ft (2024)
• Erusappan Street Divyadass Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ekambaram Street?

The Sub Registrar Office that covers Ekambaram Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the sale price must be at least equal to the guideline value to ensure proper registration. If the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Ekambaram Street?

The current guideline value of Ekambaram Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Pozhichalur with their guideline values?

Other streets in Pozhichalur include E.C.T.V Nagar at Rs 1,320 per sq.ft, Elangovadigal Street, Elangovan Street, ErattaiMalai Srinivasan Stree, and Erusappan Street Divyadass Nagar, all at Rs 1,100 per sq.ft, and Ellarajamanickam Street at Rs 2,200 per sq.ft.

What is the stamp duty rate applicable in Ekambaram Street?

The stamp duty rate applicable in Ekambaram Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Ekambaram Street?

The Sub Registrar Office for Ekambaram Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.