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 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

Over the years, the guideline value of Easwaran Koil Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision increased the value to Rs 600 per sq.ft, and the most recent revision in 2024 set it at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

Specifically, the change from 2017 to 2023 was a significant increase of 49%. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Easwaran Koil Street's 2024 figure below this median.

• Durga Nagar: Rs 990 per sq.ft (2024)
• Ettiamman Koil Street Sattamangalam (Ward -15): Rs 550 per sq.ft (2024)
• Diamond Avenue (Per): Rs 661 per sq.ft (2024)
• Ford City (Per): Rs 661 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 661 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, while the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. It is essential to 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 precise calculations.

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 information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value of a property, which is used to calculate the stamp duty and registration fees during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value, as indicated by the guideline value.

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 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Easwaran Koil Street (Ward -17)?

The land classification for Easwaran Koil Street (Ward -17) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Easwaran Koil Street (Ward -17)?

The Sub Registrar Office covering Easwaran Koil Street (Ward -17) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Easwaran Koil Street (Ward -17)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 59,490.