Guideline Value for EASWARAN KOIL WARD NO -4

Easwaran Koil Ward No -4 guideline value

The current guideline value for Easwaran Koil Ward No -4 is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this ward is Mixed Special Type - II.

How the guideline value of Easwaran Koil Ward No -4 has changed

The guideline value for Easwaran Koil Ward No -4 has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 4,000 per sq.ft, and in 2024, it further rose to Rs 4,400 per sq.ft, reflecting an increase of 10% from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 4,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has seen a rise of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value of Easwaran Koil Ward No -4 above this median.

• D.P. Road: Rs 1,650 per sq.ft (2024)
• Dharmaraja Koil Street Ward-4: Rs 2,750 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)
• Gandhi Salai: Rs 4,400 per sq.ft (2024)
• Gandhi Salai (A) Mettu Street: Rs 4,400 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Ward No -4

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Easwaran Koil Ward No -4?

The Sub Registrar Office that covers Easwaran Koil Ward No -4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value for Easwaran Koil Ward No -4?

The current guideline value for Easwaran Koil Ward No -4 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Easwaran Koil Ward No -4?

The land classification for Easwaran Koil Ward No -4 is Mixed Special Type - II, which indicates the nature of land use in this area.

What is the registration office for Easwaran Koil Ward No -4?

The registration office for Easwaran Koil Ward No -4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.