Guideline Value for Easwaran Koil Street

Easwaran Koil Street guideline value

The current guideline value of Easwaran Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

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 550 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 500 per sq.ft, which was a decrease of 33% from the 2017 value.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Easwaran Koil Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median guideline value for these streets is Rs 830 per sq.ft, placing Easwaran Koil Street's 2024 value below this median.

• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)
• Dollars Colony Phase I: Rs 3,300 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)
• Dheeran Avenue -II: Rs 2,310 per sq.ft (2024)
• Dheeran Avenue: Rs 2,310 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Easwaran Koil Street?

The Sub Registrar Office that covers Easwaran Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Agaramthen. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This process helps maintain transparency and standardization in property transactions across the region.

Frequently asked questions

What is the current guideline value of Easwaran Koil Street?

The current guideline value of Easwaran Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Easwaran Koil Street?

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

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

The Sub Registrar Office for Easwaran Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Easwaran Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would amount to Rs 38,500.