Guideline Value for Easwaran Koil 2nd Cross Street

Easwaran Koil 2nd Cross Street guideline value

The current guideline value of Easwaran Koil 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - II.

How the guideline value of Easwaran Koil 2nd Cross Street has changed

The guideline value for Easwaran Koil 2nd Cross Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The current value of Rs 3,300 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Easwaran Koil 2nd Cross Street is above this median.

• Easwaran Koil 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Main Road: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)
• East Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. 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 Easwaran Koil 2nd Cross Street?

The Sub Registrar Office that covers Easwaran Koil 2nd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine 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 with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easwaran Koil 2nd Cross Street?

The current guideline value of Easwaran Koil 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty on property in Easwaran Koil 2nd Cross Street?

The stamp duty on property in Easwaran Koil 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Easwaran Koil 2nd Cross Street located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Easwaran Koil 2nd Cross Street?

Easwaran Koil 2nd Cross Street is classified as Residential Class I Type - II.