Guideline Value for Easwaran Koil Main Road

Easwaran Koil Main Road guideline value

The current guideline value of Easwaran Koil Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Easwaran Koil Main Road has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the value at Rs 3,300 per sq.ft, reflecting a further increase of 10% from the previous year.

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

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing the 2024 guideline value of Easwaran Koil Main Road above this median.

• Easwaran Koil Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran koil 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street/Annai Theresa Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Koil Main Road?

The Sub Registrar Office that covers Easwaran Koil Main Road 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 details.

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 are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid based on the value of the property. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Easwaran Koil Main Road?

The current guideline value of Easwaran Koil Main Road 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 significantly from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for property on this road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Easwaran Koil Main Road?

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

What is the land classification for Easwaran Koil Main Road?

Easwaran Koil Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.