Guideline Value for Easwaran Koil Street

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 1,300 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Easwaran Koil Street has changed

In the 2012 revision, the guideline value for Easwaran Koil Street was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, effective from 1 July 2024, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in the area is Rs 1,600 per sq.ft, indicating that Easwaran Koil Street's 2024 figure is below this median.

• Edaima Nagar 10th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 11th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 12th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 13th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 1st cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 2nd cross st (Ward No.5): Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Madhavaram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and transparently.

At the time of registration, the guideline value is crucial as it helps in calculating the taxes due on the property. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any potential disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2023, and then increased to Rs 1,300 per sq.ft in 2024, representing an 8% increase from 2023 to 2024.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Easwaran Koil Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,17,000 in fees.

Which office handles property registrations for Easwaran Koil Street?

The Madhavaram Sub Registrar Office handles property registrations for Easwaran Koil Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.