Guideline Value for EASWARAN STREET (NEAR OMR)

Easwaran Street (Near Omr) guideline value

The current guideline value of Easwaran Street (Near Omr) is Rs 4,680 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Mixed Type - III land.

How the guideline value of Easwaran Street (Near Omr) has changed

The guideline value of Easwaran Street has undergone several revisions over the years. In 2012, the value was Rs 4,250 per sq.ft, which then decreased to Rs 2,847 per sq.ft in 2017. Following this, there was a significant increase to Rs 4,250 per sq.ft in 2023, and the current value is Rs 4,680 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, placing Easwaran Street's 2024 value above this median.

• Easwaran Street: Rs 4,680 per sq.ft (2024)
• Elumalai Garden: Rs 1,000 per sq.ft (2024)
• D.H.K.Ath K.Kumar Garden: Rs 2,200 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,100 per sq.ft (2024)
• Gajarajan Street: Rs 2,200 per sq.ft (2024)
• Gajarajan Street Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Street (Near Omr)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,680 per sq.ft, the total guideline value amounts to Rs 46,80,000. The stamp duty at 7% would be Rs 3,27,600, and the registration fee at 2% would be Rs 93,600, bringing the total cost to Rs 4,21,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Street (Near Omr)?

The Sub Registrar Office that covers Easwaran Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Karapakkam, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the guideline value serves as a reference to ensure that the property is not undervalued. This helps maintain transparency and fairness in property transactions, ensuring that all parties are aware of the value being assigned to the property.

Frequently asked questions

What is the current guideline value of Easwaran Street?

The current guideline value of Easwaran Street (Near Omr) is Rs 4,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,250 per sq.ft in 2012 to Rs 2,847 per sq.ft in 2017, then to Rs 4,250 per sq.ft in 2023, and finally to Rs 4,680 per sq.ft in 2024.

What is the land classification of Easwaran Street?

Easwaran Street is classified as Mixed Type - III land under the Neelankarai SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 46,80,000. The stamp duty at 7% is Rs 3,27,600, and the registration fee at 2% is Rs 93,600, totaling Rs 4,21,200.

Which Sub Registrar Office covers Easwaran Street?

The Neelankarai Sub Registrar Office covers Easwaran Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.