Guideline Value for S.V. EKAMBARAM STREET

S.V. Ekambaram Street guideline value

The current guideline value of S.V. Ekambaram Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of S.V. Ekambaram Street has changed

The guideline value for S.V. Ekambaram Street has undergone revisions over the years. However, the register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure available is from the 2024 revision, which is Rs 2,800 per sq.ft.

As there have been no changes between the revisions, the 2024 figure stands as the only value recorded for S.V. Ekambaram Street. This value reflects the current market conditions as per the latest revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of S.V. Ekambaram Street is above this median.

• S.V.Natarajan Nagar: Rs 3,900 per sq.ft (2024)
• S.V.NATARJA NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)
• S.V.Sankar Salai (Near Canal): Rs 1,700 per sq.ft (2024)
• Syamala Garden: Rs 4,400 per sq.ft (2024)
• Sunshine Avenue: Rs 4,400 per sq.ft (2024)
• Sunrise Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.V. Ekambaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please 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 precise calculations based on your property details.

Which Sub Registrar Office covers S.V. Ekambaram Street?

The Sub Registrar Office that covers S.V. Ekambaram Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the authorities will assess the guideline value to calculate the necessary fees. This ensures that the transaction is recorded at a value that reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of S.V. Ekambaram Street?

The current guideline value of S.V. Ekambaram Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

What is the land classification for S.V. Ekambaram Street?

S.V. Ekambaram Street is classified under Residential Class II Type - II land classification.

Have there been any changes in the guideline value for S.V. Ekambaram Street over the years?

The register has no figure for S.V. Ekambaram Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the stamp duty rate applicable for properties in S.V. Ekambaram Street?

The stamp duty rate applicable for properties in S.V. Ekambaram Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.