Guideline Value for Easwaran Koil Cross Street

Easwaran Koil Cross Street guideline value

The current guideline value of Easwaran Koil Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Easwaran Koil Cross Street has changed

The guideline value for Easwaran Koil Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 150 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, but then dropped to Rs 938 per sq.ft in 2017. Following that, the value surged to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,540 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024, a substantial 49% from 2017 to 2023, decreased by 33% from 2012 to 2017, and saw an incredible 833% increase from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 927%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which matches the guideline value of Easwaran Koil Cross Street.

• Easwar Nagar: Rs 1,540 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Eswaran Koil to Yadhawal Street: Rs 1,540 per sq.ft (2024)
• Gajendra Maestri Nagar: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar 1st Cross: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar 2nd Cross: Rs 1,540 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It's 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 Easwaran Koil Cross Street?

The Sub Registrar Office that covers Easwaran Koil Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring compliance with local regulations.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both parties involved. It helps maintain transparency in property dealings and provides a standard reference point for pricing.

Frequently asked questions

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

The current guideline value of Easwaran Koil Cross Street is Rs 1,540 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 1,540 per sq.ft in 2024, reflecting a significant increase over the years.

What are the other streets in Thiruverkadu with the same guideline value?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Easwar Nagar, Eswaran Koil Street, Eswaran Koil to Yadhawal Street, Gajendra Maestri Nagar, Ganapathy Nagar 1st Cross, and Ganapathy Nagar 2nd Cross.

What is the stamp duty rate for properties in Easwaran Koil Cross Street?

The stamp duty rate for properties in Easwaran Koil Cross Street is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the registration office for Easwaran Koil Cross Street?

The registration office for Easwaran Koil Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.