Guideline Value for ESWARAN KOIL CROSS STREET

Eswaran Koil Cross Street guideline value

The current guideline value of Eswaran Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Eswaran Koil Cross Street has changed

The guideline value for Eswaran Koil Cross Street has seen significant changes over the years. In 2017, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Eswaran Koil Cross Street.

• Eswaran Koil Main Street: Rs 2,200 per sq.ft (2024)
• Eswaran Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Eswaran Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Erikarai Salai: Rs 1,700 per sq.ft (2024)
• Eraikudi Street (Grama Nedunchalai 32nd Cross Street): Rs 2,200 per sq.ft (2024)
• Em.Perumal Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that 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 specific calculations.

Which Sub Registrar Office covers Eswaran Koil Cross Street?

The Sub Registrar Office that covers Eswaran Koil Cross 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 Sholinganallur - 1

The guideline value is a critical factor in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Eswaran Koil Cross Street?

The current guideline value of Eswaran Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Eswaran Koil Cross Street?

Eswaran Koil Cross Street is classified as Residential Class II Type - III.

Where can I find the Neelankarai Sub Registrar Office?

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

How is stamp duty calculated for property in Eswaran Koil Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.