Guideline Value for Easwaran Koil Street

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village under the Pallavaram SRO and is classified as Residential Class IV 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. In 2007, the value was set at Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft, with a median value of Rs 1,940 per sq.ft. The guideline value of Easwaran Koil Street is below this median.

• Ellupai Thoppu Street: Rs 2,200 per sq.ft (2024)
• Ellupai Thoppu Street 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• Erikarai Street: Rs 1,940 per sq.ft (2024)
• Dharga Road: Rs 1,940 per sq.ft (2024)
• Chennai Harbour Officers Colony 1 To 4 Streets: Rs 1,940 per sq.ft (2024)
• Govt Group House 1 To 4 Streets: Rs 1,940 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwaran Koil Street?

The Sub Registrar Office that covers Easwaran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Thirusulam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office will use the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally within the framework set by the local authorities.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450%.

What are the other streets in Thirusulam with their guideline values?

Other streets in Thirusulam include Ellupai Thoppu Street at Rs 2,200 per sq.ft, Erikarai Street at Rs 1,940 per sq.ft, and Dharga Road also at Rs 1,940 per sq.ft, among others.

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

For a 1,000 sq.ft property, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000 based on the current guideline value.

Which office handles the registration for Easwaran Koil Street?

The Pallavaram Sub Registrar Office handles the registration for Easwaran Koil Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.