Guideline Value for EASWARAN KOIL STREET

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar 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 undergone several revisions over the years. In 2002, the value was Rs 834 per sq.ft, which increased to Rs 925 per sq.ft in 2003, marking an increase of 11%. The value then saw a significant rise to Rs 1,830 per sq.ft in 2007, reflecting a 98% increase. Following this, the value jumped to Rs 6,000 per sq.ft in 2012, a substantial increase of 228%. However, the value decreased to Rs 4,020 per sq.ft in 2017, showing a decline of 33%. In 2023, the guideline value rose to Rs 6,000 per sq.ft, and the latest revision in 2024 set it at Rs 6,600 per sq.ft, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value for Easwaran Koil Street has increased by 691%. The revisions have shown significant fluctuations, with no figures available for the years between 2012 and 2017.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Easwaran Koil Street.

• Ellaiamman Koil Street: Rs 8,800 per sq.ft (2024)
• Flower Street: Rs 12,100 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 7,700 per sq.ft (2024)
• Dharmaraja Koil Lane: Rs 5,000 per sq.ft (2024)
• Dhanapal Street: Rs 6,600 per sq.ft (2024)
• Gandhi Lane: 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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. 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?

The Sub Registrar Office that covers Easwaran Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is essential during the registration process when buying or selling property. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property transaction occurs, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures that all transactions are recorded accurately and transparently within the real estate framework.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 834 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 691% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations for Easwaran Koil Street?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Easwaran Koil Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Easwaran Koil Street?

The land classification for Easwaran Koil Street is Residential Class II Type - I, indicating its use for residential purposes.