Guideline Value for EASWARAN KOIL STREET

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, which falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Easwaran Koil Street has changed

The guideline value for Easwaran Koil Street has seen significant changes over the years. In 2003, the value was Rs 111 per sq.ft, which increased to Rs 500 per sq.ft in 2007. Following that, the value surged to Rs 3,000 per sq.ft in 2012, marking a 500% increase from the previous revision. However, it then dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,300 per sq.ft in 2024, showing a 10% increase from the previous year.

Notably, there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 2873%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Easwaran Koil Street.

• Easwaran Koil Main Salai 2 Nd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Main Salai 1 St Cross Street: Rs 3,300 per sq.ft (2024)
• Egret Part: Rs 5,500 per sq.ft (2024)
• Elim Nagar (Near Omr): Rs 4,400 per sq.ft (2024)
• Ellaiamman Nagar: Rs 1,100 per sq.ft (2024)
• Fortts Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important 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 more details.

Which Sub Registrar Office covers Easwaran Koil Street?

The Sub Registrar Office that covers Easwaran Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 111 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2873% over the years.

What is the land classification for Easwaran Koil Street?

The land classification for Easwaran Koil Street is Residential Class II Type - I.

What are the stamp duty rates for property in Easwaran Koil Street?

The stamp duty for property in Easwaran Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Easwaran Koil Street located?

The Sub Registrar Office for Easwaran Koil Street is located at Neelankarai Sub Registrar Office, 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.