Guideline Value for EASWARAN KOIL STREET (WARD -9)

Easwaran Koil Street (Ward -9) guideline value

The current guideline value of Easwaran Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Easwaran Koil Street (Ward -9) has changed

The guideline value of Easwaran Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest revision in 2024 raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

Notably, the guideline value increased by 49% from 2017 to 2023, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,510 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Easwaran Koil Street is below this median.

• Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Cmda -Gudaloor Scheme Block No.8: Rs 825 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 550 per sq.ft (2024)
• Golden Country (Ward -9): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Easwaran Koil Street (Ward -9)?

The Chengleput Joint II Sub Registrar Office covers Easwaran Koil Street (Ward -9). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Goodaloor. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that transactions are conducted at a fair value, as it is used to assess the official value of the property for registration purposes.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 49,500.

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

The Sub Registrar Office for Easwaran Koil Street (Ward -9) is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.