Guideline Value for Easwaran Koil Cross Street

Easwaran Koil Cross Street guideline value

The current guideline value of Easwaran Koil Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Easwaran Koil Cross Street has changed

The guideline value for Easwaran Koil Cross Street has undergone several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the period from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, indicating that the guideline value of Easwaran Koil Cross Street is below this median.

• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)
• Dollars Colony Phase I: Rs 3,300 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)
• Dheeran Avenue -II: Rs 2,310 per sq.ft (2024)
• Dheeran Avenue: Rs 2,310 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, totaling Rs 38,500, and the registration fee is 2%, amounting to Rs 11,000. Together, the total cost for stamp duty and registration fee would be Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers Easwaran Koil Cross Street?

The Easwaran Koil Cross Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Agaramthen, as it determines the minimum value at which a property can be registered. It ensures that the property is assessed at a fair value for taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in real estate transactions within the region.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Easwaran Koil Cross Street?

The land classification for Easwaran Koil Cross Street is Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,50,000, the total stamp duty and registration fees would amount to Rs 49,500.

Where can I find more information about the Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office covers Easwaran Koil Cross Street, and it is located at No.26, Mes Road, East Tambaram, Chennai-600059. More information can be found by visiting the find your SRO link.