Guideline Value for ESANI MOORTHI KOIL STREET

Esani Moorthi Koil Street guideline value

The current guideline value of Esani Moorthi Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village under the Thiruvottiyur SRO, classified as Residential Special Type - I.

How the guideline value of Esani Moorthi Koil Street has changed

The guideline value for Esani Moorthi Koil Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,300 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 400%, but then it fell by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, the guideline value has increased by 450% from 2007 to 2024.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Esani Moorthi Koil Street.

• Ennore Express Road: Rs 3,300 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Egavalliamman Koil Street(Othavadai Street): Rs 3,300 per sq.ft (2024)
• Egavaliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• East Kulakkarai Street: Rs 3,700 per sq.ft (2024)
• East Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Esani Moorthi Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Esani Moorthi Koil Street?

The Sub Registrar Office that covers Esani Moorthi Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that properties are not undervalued during transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of the current guideline value to ensure they are making informed decisions.

Frequently asked questions

What is the current guideline value of Esani Moorthi Koil Street?

The current guideline value of Esani Moorthi Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Esani Moorthi Koil Street?

Esani Moorthi Koil Street is classified as Residential Special Type - I under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Esani Moorthi Koil Street located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.