Guideline Value for Ekambareswarar Agraharam Street

Ekambareswarar Agraharam Street guideline value

The current guideline value of Ekambareswarar Agraharam Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ekambareswarar Agraharam Street has changed

The guideline value for Ekambareswarar Agraharam Street has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 1,228 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a significant rise of 63%. In 2012, the value was revised to Rs 5,500 per sq.ft, reflecting a considerable increase of 175%. However, the value dropped to Rs 3,685 per sq.ft in 2017, which was a decrease of 33%. The next revision in 2023 saw the value increase to Rs 5,500 per sq.ft, followed by the latest revision in 2024, which set the guideline value at Rs 6,000 per sq.ft, a rise of 9% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 389%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Muthiyalpet

In Muthiyalpet village, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, positioning Ekambareswarar Agraharam Street above this median with its current value of Rs 6,000 per sq.ft.

• Ekavalli Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Ela Kandappan Street: Rs 4,400 per sq.ft (2024)
• Edappalayam Street: Rs 4,400 per sq.ft (2024)
• Ebrahim Syed Street: Rs 4,900 per sq.ft (2024)
• Elephant Gate Street: Rs 6,000 per sq.ft (2024)
• Erulappan Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ekambareswarar Agraharam Street

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Ekambareswarar Agraharam Street?

Ekambareswarar Agraharam Street is covered by the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Muthiyalpet. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ekambareswarar Agraharam Street?

The current guideline value of Ekambareswarar Agraharam Street is Rs 6,000 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 1,228 per sq.ft in 2003 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 389% over this period.

What is the median guideline value in Muthiyalpet?

The median guideline value for streets in Muthiyalpet is Rs 4,400 per sq.ft, with Ekambareswarar Agraharam Street's value being above this median.

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

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000, and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles registrations for Ekambareswarar Agraharam Street?

The Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, handles registrations for Ekambareswarar Agraharam Street.