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 Vengambakkam village under the Tambaram Joint 1 SRO, 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 undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision, and then rose again to Rs 550 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Easwaran Koil Street's 2024 figure below that median.

• Dr.Ambedkar Street: Rs 440 per sq.ft (2024)
• Dollars Colony Phase - I: Rs 2,200 per sq.ft (2024)
• First Cross Road: Rs 550 per sq.ft (2024)
• First Cross Street: Rs 550 per sq.ft (2024)
• Church Street: Rs 440 per sq.ft (2024)
• Green Square City: Rs 2,970 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 is Rs 5,50,000. The stamp duty at 7% amounts to Rs 38,500, and the registration fee at 2% is Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 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 Vengambakkam

The guideline value is a crucial factor during the registration of property transactions in Vengambakkam. It helps in determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value serves as a benchmark for the value of the property. It is essential for both parties to consider this 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Easwaran Koil Street?

Easwaran Koil Street is classified as Residential Class I Type - II.

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

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Easwaran Koil Street?

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