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 Sattamangalam 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 for Easwaran Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Easwaran Koil Street's 2024 value below that median.

• Ettiamman Koil Street Sattamangalam (Ward -15): Rs 660 per sq.ft (2024)
• Diya Nagar: Rs 660 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)

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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges 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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Sattamangalam. It is a reference point for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value for properties in the area.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale agreements. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

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 changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Easwaran Koil Street?

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

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where can I find the Sub Registrar Office for Easwaran Koil Street?

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