Guideline Value for ESWARAN KOIL STREET

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vichoor village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a rise of 167%. However, this value decreased by 33% to Rs 268 per sq.ft in 2017. The subsequent 2023 revision raised the value to Rs 400 per sq.ft, and the latest 2024 revision further increased it to Rs 440 per sq.ft, reflecting a 10% rise.

It is important to note that the register has no figures for Eswaran Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 330 to Rs 550 per sq.ft as of 2024. The median guideline value in this village is Rs 485 per sq.ft, positioning Eswaran Koil Street's value below this median.

• Ezhil Nagar: Rs 485 per sq.ft (2024)
• F D Nagar: Rs 550 per sq.ft (2024)
• Ganapathi Nagar: Rs 485 per sq.ft (2024)
• I.J Puram: Rs 485 per sq.ft (2024)
• Chandra Nagar: Rs 440 per sq.ft (2024)
• Chandra Avenue: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a combined fee of Rs 39,600. It is essential 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 Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran 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 Vichoor

The guideline value is a critical factor in the registration process when buying or selling property in Vichoor. It serves as a baseline for calculating the stamp duty and registration fees, ensuring that transactions reflect the official value set by the registration department.

When a property is sold, the seller must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 193% over this period.

What are the other streets in Vichoor and their guideline values?

Other streets in Vichoor include Ezhil Nagar at Rs 485 per sq.ft, F D Nagar at Rs 550 per sq.ft, and Chandra Nagar at Rs 440 per sq.ft, among others.

What fees are associated with buying property in Eswaran Koil Street?

When buying property in Eswaran Koil Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Eswaran Koil Street?

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