Guideline Value for EASWARAN STREET

Easwaran Street guideline value

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

How the guideline value of Easwaran Street has changed

The guideline value of Easwaran Street has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 4,250 per sq.ft in 2012, marking a rise of 963%. However, this value dropped by 33% to Rs 2,847 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase to Rs 4,250 per sq.ft, followed by a further rise of 10% to the current value of Rs 4,680 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 1070% from 2007 to 2024.

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, where the median value is Rs 1,700 per sq.ft. The guideline value of Easwaran Street is above this median.

• Easwaran Street (Near Omr): 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)
• Dharmaraja Avenue: Rs 5,300 per sq.ft (2024)
• Gajarajan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Easwaran Street?

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 a crucial factor in property transactions in Karapakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that both parties comply with government regulations.

Frequently asked questions

What is the current guideline value of Easwaran Street?

The current guideline value of Easwaran Street 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 400 per sq.ft in 2007 to Rs 4,680 per sq.ft in 2024, reflecting an overall increase of 1070% over the period.

What is the registration office for Easwaran Street?

The registration office for 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.

How is stamp duty calculated for properties in Easwaran Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 46,80,000 would incur a stamp duty of Rs 3,27,600 at a rate of 7%.

What are the other streets in Karapakkam with their guideline values?

Other streets in Karapakkam include Elumalai Garden at Rs 1,000 per sq.ft, D.H.K.Ath K.Kumar Garden at Rs 2,200 per sq.ft, and Dharmaraja Avenue at Rs 5,300 per sq.ft, among others.