Guideline Value for Ekkadu Street

Ekkadu Street guideline value

The current guideline value of Ekkadu Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Ekkadu Street has changed

The guideline value for Ekkadu Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 320 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 369% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, representing a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, and most recently, it increased to Rs 1,650 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 416%. Notably, the register has no figures for Ekkadu Street for the years 2002 and 2003.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Ekkadu Street's 2024 figure of Rs 1,650 per sq.ft is above this median.

• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Dr. Radhaakrishanan Street: Rs 1,100 per sq.ft (2024)
• Dr.M.Varadharasanar St: Rs 1,100 per sq.ft (2024)
• Dr.M.Varadharasanar Cross St: Rs 1,100 per sq.ft (2024)
• Dr.ambetkar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ekkadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ekkadu Street?

The Sub Registrar Office that covers Ekkadu Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, thereby ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ekkadu Street?

The current guideline value of Ekkadu Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 416% since then.

What is the land classification of Ekkadu Street?

Ekkadu Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Which Sub Registrar Office covers Ekkadu Street?

The Tiruvallur Joint 1 Sub Registrar Office covers Ekkadu Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the stamp duty calculated for properties in Ekkadu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.