Guideline Value for EASWARAN KOIL STREET (WARD -17)

Easwaran Koil Street (Ward -17) guideline value

The current guideline value of Easwaran Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Easwaran Koil Street (Ward -17) has changed

The guideline value for Easwaran Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was later revised to Rs 402 per sq.ft in 2017. This marked a decrease of 33%. Subsequently, the value increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. When considering the overall change from 2012 to 2024, there has been a total increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Easwaran Koil Street's 2024 figure below that median.

• Ettiamman Koil Street Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Diamond Avenue (Per): Rs 660 per sq.ft (2024)
• Ford City (Per): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total for these fees to Rs 59,400. It is important to note that the 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 Easwaran Koil Street (Ward -17)?

The Sub Registrar Office that covers Easwaran Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable during 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 necessary fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street (Ward -17)?

The current guideline value of Easwaran Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class I Type - III. This classification is important for determining the appropriate uses for the land.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles registrations for Easwaran Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Easwaran Koil Street (Ward -17). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.