Guideline Value for J.V. Ekambaram Avenue

J.V. Ekambaram Avenue guideline value

The current guideline value of J.V. Ekambaram Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of J.V. Ekambaram Avenue has changed

Over the years, the guideline value of J.V. Ekambaram Avenue has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur comprises 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which aligns with the current value of J.V. Ekambaram Avenue.

• Kadumbadi Amman 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in J.V. Ekambaram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers J.V. Ekambaram Avenue?

The Sub Registrar Office covering J.V. Ekambaram Avenue is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

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 stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of J.V. Ekambaram Avenue?

The current guideline value of J.V. Ekambaram Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023 and increased to Rs 2,700 per sq.ft in 2024, marking an 8% rise from the previous year.

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

Other streets in Kodungaiyur include Kadumbadi Amman 1st Cross Street, Kadumbadi Amman 2nd Cross Street, Kadumbadi Amman 3rd Cross Street, Kadumbadi Amman Koil 1st Cross Street, Kadumbadi Amman Koil 1st Street, and Kadumbadi Amman Koil 2nd Cross Street, all valued at Rs 2,200 per sq.ft in 2024.

What fees are associated with buying property in J.V. Ekambaram Avenue?

When purchasing property, buyers must consider stamp duty and registration fees. For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registration for J.V. Ekambaram Avenue?

The Madhavaram Sub Registrar Office handles property registration for J.V. Ekambaram Avenue, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.