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 S. Kullathur 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. The 2012 revision recorded a value of Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a drop of 33%. In the subsequent 2023 revision, the value increased to Rs 2,000 per sq.ft, reflecting a rise of 30%. The most recent 2024 revision has set the guideline value at Rs 2,530 per sq.ft, showing an increase of 27% from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Easwaran Koil Street is below this median.

• Engineering Avenue 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Dillibabu Nagar: Rs 2,750 per sq.ft (2024)
• Devi Karumariamman Nagar 1 & 2 Main Road: Rs 2,530 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 2,530 per sq.ft (2024)
• Gandhi Nagar 1 To 24 Streets: Rs 2,530 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Main Road: Rs 2,530 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 fees to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using 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. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role during the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

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 changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class I Type - II.

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

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

What are the stamp duty and registration fees for a property in Easwaran Koil Street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700. Fees are based on the higher of the guideline value or the sale price.