Guideline Value for Easwaran Koil Street

Easwaran Koil Street guideline value

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

The guideline value for Easwaran Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, up from Rs 3,000 per sq.ft in 2023, marking a 10% increase. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023.

Overall, from 2017 to 2024, the guideline value has increased by 64%. 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 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, indicating that Easwaran Koil Street's 2024 figure is above this median.

• Easwaran Koil Street/Annai Theresa Nagar: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Main Road: Rs 3,300 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Easwaran Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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 need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the correct fees are calculated based on the established rates. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street 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 increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a total increase of 64% over the seven-year period.

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

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.

Which Sub Registrar Office handles registrations for Easwaran Koil Street?

The Velacheri Sub Registrar Office handles registrations for Easwaran Koil Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class I Type - II according to the guideline value register.