Guideline Value for Easwaran Koil Street

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Easwaran Koil Street has changed

The guideline value for Easwaran Koil Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 151 per sq.ft. This increased to Rs 175 per sq.ft in 2003, marking a change of +16%. By 2007, the value rose dramatically to Rs 400 per sq.ft, which is a +129% increase from the previous revision. The 2012 revision saw a further increase to Rs 2,200 per sq.ft, reflecting a substantial rise of +450% from 2007.

The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is a +9% increase from the 2012 figure. Notably, there are no figures available for the years 2017 and 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +1489%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which matches the current value of Easwaran Koil Street.

• East Mada Street: Rs 2,400 per sq.ft (2024)
• Elango Street: Rs 2,700 per sq.ft (2024)
• Elangovadigal Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Elangovan Street: Rs 2,700 per sq.ft (2024)
• D.R.R.Street: Rs 2,700 per sq.ft (2024)
• Dr.Murugesan Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, resulting in a total of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Koil Street?

The Sub Registrar Office that covers Easwaran Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs associated with property transactions, including taxes and fees that are calculated based on this value.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 151 per sq.ft to Rs 2,400 per sq.ft in 2024, marking an overall increase of +1489% over this period.

What is the registration office for Easwaran Koil Street?

The registration office for Easwaran Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,16,000 in fees based on the current guideline value.

Are there other streets with similar guideline values in Thirumullaivoyal?

Yes, other streets in Thirumullaivoyal have similar guideline values. For instance, East Mada Street also has a guideline value of Rs 2,400 per sq.ft, while several other streets have values of Rs 2,700 per sq.ft.