Guideline Value for ESWARAN KOIL STREET

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 750 per sq.ft. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 60 per sq.ft, which significantly increased to Rs 750 per sq.ft in the 2012 revision, marking a change of +1150%. However, from 2012 to 2017, the value decreased by 33% to Rs 502 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 750 per sq.ft, which remained unchanged in the 2024 revision.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +1150%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of Eswaran Koil Street.

• Ehthiralu Naidu Street: Rs 750 per sq.ft (2024)
• Ebrahimsaibu St: Rs 750 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 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 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from 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 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft since 2023.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the guideline value for Eswaran Koil Street.

What are the registration fees for property transactions?

For property transactions, the registration fee is typically 2% of the guideline value, while the stamp duty is 7% of the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Eswaran Koil Street is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the provided link.