Guideline Value for Eashwaran Koil Street

Eashwaran Koil Street guideline value

The current guideline value of Eashwaran Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Eashwaran Koil Street has changed

The guideline value for Eashwaran Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 546 per sq.ft, which increased to Rs 593 per sq.ft in 2003, marking a change of +9%. The value then saw a significant rise to Rs 1,800 per sq.ft in 2007, reflecting a +204% increase. Following this, in 2012, the value adjusted to Rs 4,500 per sq.ft, resulting in a decrease of -33% from the previous revision.

In 2017, the guideline value rose again to Rs 3,015 per sq.ft, which was an increase of +49%. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, and the current guideline value of Rs 5,000 per sq.ft from 2024 represents an increase of +11% from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Alandur

Alandur village has a total of 40 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft, with the median being Rs 5,000 per sq.ft. Eashwaran Koil Street's 2024 guideline value aligns with this median.

• Dharmaraja Koil Street: Rs 5,000 per sq.ft (2024)
• Gandhi Market commer: Rs 6,600 per sq.ft (2024)
• Bramin Street: Rs 5,000 per sq.ft (2024)
• G.S.T. Road/mount road: Rs 11,000 per sq.ft (2024)
• G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET: Rs 11,000 per sq.ft (2024)
• Gurupax Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Eashwaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eashwaran Koil Street?

The Sub Registrar Office that covers Eashwaran Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Alandur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Eashwaran Koil Street?

The current guideline value of Eashwaran Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 546 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of +816% over the years.

What is the land classification of Eashwaran Koil Street?

Eashwaran Koil Street is classified as Residential Class I Type - II under the Alandur SRO.

What are the other streets in Alandur with their guideline values?

Other streets in Alandur include Dharmaraja Koil Street and Bramin Street, both at Rs 5,000 per sq.ft, and Gandhi Market commer at Rs 6,600 per sq.ft, among others.

Where is the Sub Registrar Office for Eashwaran Koil Street located?

The Sub Registrar Office for Eashwaran Koil Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.