Guideline Value for ESWARAN KOIL MAIN STREET

Eswaran Koil Main Street guideline value

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

How the guideline value of Eswaran Koil Main Street has changed

The guideline value for Eswaran Koil Main Street has undergone several revisions over the years. The earliest recorded revision was in 2002, followed by 2003, 2007, 2012, and 2023, but the register has no figure for this street in those years. The 2017 revision set the guideline value at Rs 1,340 per sq.ft, and the most recent revision in 2024 increased it to Rs 2,200 per sq.ft, reflecting a significant change of +64% from the previous figure.

With the 2024 revision, the guideline value now aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO. This indicates a consistent valuation within the area, as the street's current rate matches the median for similar residential classifications.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Eswaran Koil Main Street's 2024 figure is equal to this median. Below are the guideline values for other streets in Sholinganallur - 1:

• Eswaran Koil Cross 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 Main 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 to Rs 1,98,000. 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 Eswaran Koil Main Street?

The Eswaran Koil Main Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's worth as per government assessments. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an increase of +64%.

What is the land classification for Eswaran Koil Main Street?

The land classification for Eswaran Koil Main Street is 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 the stamp duty calculated for properties in Eswaran Koil Main Street?

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