Guideline Value for Easwaran koil vadavandai mada veethi

Easwaran koil vadavandai mada veethi guideline value

The current guideline value of Easwaran koil vadavandai mada veethi is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Easwaran koil vadavandai mada veethi has changed

The guideline value for Easwaran koil vadavandai mada veethi has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% rise. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft following the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has increased by 1000%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with 2024 guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Easwaran koil vadavandai mada veethi.

• Easwari nagar: Rs 2,200 per sq.ft (2024)
• East mada veethi: Rs 2,200 per sq.ft (2024)
• Durga nagar: Rs 2,200 per sq.ft (2024)
• DRR nagar: Rs 2,740 per sq.ft (2024)
• Etti annal nagar: Rs 2,200 per sq.ft (2024)
• Ezhil nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran koil vadavandai mada veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total cost of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Easwaran koil vadavandai mada veethi?

The Sub Registrar Office that covers Easwaran koil vadavandai mada veethi is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must use the guideline value to ensure that they comply with the legal requirements during the registration process.

When you register a property, the guideline value is considered to ensure that the transaction reflects the market conditions. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Easwaran koil vadavandai mada veethi?

The current guideline value of Easwaran koil vadavandai mada veethi is Rs 2,200 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 2,200 per sq.ft in 2024, representing an overall increase of 1000% over the years.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Easwaran koil vadavandai mada veethi?

The Poonamallee Sub Registrar Office handles property registrations for Easwaran koil vadavandai mada veethi, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Easwaran koil vadavandai mada veethi?

Easwaran koil vadavandai mada veethi is classified as Residential Class II Type - I.