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_B 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 undergone several revisions over the years. The most recent revision, effective from 1 July 2024, set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 268 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there was a further increase of 10% from 2023 to 2024. Overall, the guideline value has risen by 64% from 2017 to 2024.

Guideline values in Vichoor_B

In Vichoor_B, there are a total of 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, placing Eswaran Koil Street's 2024 figure below that 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, these fees would total Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the seller and buyer must refer to the guideline value to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

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 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024, reflecting an overall increase of 64% from 2017 to 2024.

What is the land classification for Eswaran Koil Street?

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

What are the stamp duty and registration fees for a property in Eswaran Koil Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Eswaran Koil Street?

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