Guideline Value for EASWARAN KOVIL STREET

Easwaran Kovil Street guideline value

The current guideline value of Easwaran Kovil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Easwaran Kovil Street has changed

Looking at the revisions over the years, the guideline value for Easwaran Kovil Street has seen several changes. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023 and was further revised to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is +10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Easwaran Kovil Street's 2024 figure below that median.

• Easwaran Nagar: Rs 660 per sq.ft (2024)
• Easwaran Nagar Sector II: Rs 660 per sq.ft (2024)
• East Mada Veedhi: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)
• Ganapathy Nagar (Chen): Rs 660 per sq.ft (2024)
• Gandhi Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the 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 Kovil Street?

The Sub Registrar Office that covers Easwaran Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role during the registration of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable fees. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Easwaran Kovil Street?

The current guideline value for Easwaran Kovil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 500 per sq.ft, dropping to Rs 335 per sq.ft in 2017, and then increasing to Rs 550 per sq.ft in 2024.

What is the median guideline value in Thirukkachur - 1?

The median guideline value for streets in Thirukkachur - 1 is Rs 660 per sq.ft, with Easwaran Kovil Street's value being below this median.

What are the stamp duty rates for property transactions?

The stamp duty is charged at a rate of 7% on the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.