Guideline Value for EASWARAN KOIL MAIN SALAI 1 ST CROSS STREET

Easwaran Koil Main Salai 1 St Cross Street guideline value

The current guideline value for Easwaran Koil Main Salai 1 St Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Easwaran Koil Main Salai 1 St Cross Street has changed

The guideline value for Easwaran Koil Main Salai 1 St Cross Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally, the current value is Rs 3,300 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 is a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the dip in 2017. This reflects the fluctuations in the guideline value over the years.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for Easwaran Koil Main Salai 1 St Cross Street.

• Easwaran Koil Main Salai 2 Nd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)
• Egret Part: Rs 5,500 per sq.ft (2024)
• Elim Nagar (Near Omr): Rs 4,400 per sq.ft (2024)
• Ellaiamman Nagar: Rs 1,100 per sq.ft (2024)
• Fortts Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Main Salai 1 St Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Easwaran Koil Main Salai 1 St Cross Street?

The Easwaran Koil Main Salai 1 St Cross Street falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

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 for Easwaran Koil Main Salai 1 St Cross Street?

The current guideline value for Easwaran Koil Main Salai 1 St Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

Easwaran Koil Main Salai 1 St Cross Street is classified under Residential Class II Type - I.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.

Which Sub Registrar Office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Easwaran Koil Main Salai 1 St Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.