Guideline Value for EASWARAN KOIL STREET

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class I Type - II.

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 the 2012 revision, the value was set at Rs 2,300 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,541 per sq.ft, marking a decrease of 33%. However, the subsequent 2023 revision saw a significant increase to Rs 2,300 per sq.ft, followed by a further increase to Rs 2,530 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, the guideline value has increased by 10% from Rs 2,300 in 2012 to Rs 2,530 in 2024. The 2023 to 2024 revision shows a 10% increase, while the 2017 to 2023 revision indicates a substantial rise of 49%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai village features a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which is equal to the current value of Easwaran Koil Street.

• Easwaran Nagar: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar 1 To 6 Streets: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar (B): Rs 4,125 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Darmaraja Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Anna Street: Rs 3,300 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 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total cost to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Koil Street?

The Sub Registrar Office that covers Easwaran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers and sellers must 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?

The current guideline value of Easwaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, a 10% increase.

What was the guideline value in 2017?

The guideline value for Easwaran Koil Street in 2017 was Rs 1,541 per sq.ft, which was a decrease from the previous figure of Rs 2,300 in 2012.

Where can I find the registration office for Easwaran Koil Street?

The registration office for Easwaran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Easwaran Koil Street?

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