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 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village under the Chengleput Joint II SRO and falls under the Residential Class I Type - I land classification.

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

Looking back at the revisions, the guideline value for Easwaran Koil Street (Ward -9) was Rs 500 per sq.ft in 2023, which increased to Rs 551 per sq.ft in 2024, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, which saw a significant increase of +49% to reach Rs 500 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

In the earlier revision from 2012, the guideline value was Rs 500 per sq.ft, which decreased by -33% to Rs 335 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%, with the current value aligning with the median for Kadampur.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is the same as the guideline value for Easwaran Koil Street (Ward -9). Here are the guideline values for other streets in Kadampur:

• D.V.A.C.Nagar: Rs 550 per sq.ft (2024)
• Friends Avenue: Rs 737 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 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 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total cost for these fees to Rs 49,590. 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 details.

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

The Sub Registrar Office that covers Easwaran Koil Street (Ward -9) 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 information.

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

The guideline value is a crucial factor during property registration as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value is set by the government and can vary from street to street within the same locality.

When a property is sold, the sale price is compared to the guideline value, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street (Ward -9)?

The current guideline value of Easwaran Koil Street (Ward -9) is Rs 551 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 2023 to Rs 551 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification of Easwaran Koil Street (Ward -9)?

Easwaran Koil Street (Ward -9) falls under the Residential Class I Type - I land classification.

Where can I find more information about the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate links provided.

How is stamp duty calculated for properties in Kadampur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,51,000, the stamp duty would be calculated from this amount.