Guideline Value for Eshta Sithi Vinayagar Koil Street

Eshta Sithi Vinayagar Koil Street guideline value

The current guideline value of Eshta Sithi Vinayagar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Eshta Sithi Vinayagar Koil Street has changed

The guideline value for Eshta Sithi Vinayagar Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. In 2023, this value increased to Rs 1,000 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%, showcasing a consistent upward trend in the value assigned to this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making the guideline value for Eshta Sithi Vinayagar Koil Street below the median.

• Erusappan Street Divyadass Nagar: Rs 1,100 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,100 per sq.ft (2024)
• ErattaiMalai Srinivasan Stree: Rs 1,100 per sq.ft (2024)
• Ellarajamanickam Street: Rs 2,200 per sq.ft (2024)
• Elangovan Street: Rs 1,100 per sq.ft (2024)
• Elangovadigal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Eshta Sithi Vinayagar 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. Together, the total cost for stamp duty and registration fee would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Eshta Sithi Vinayagar Koil Street?

The Sub Registrar Office that covers Eshta Sithi Vinayagar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the property will be assessed based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Eshta Sithi Vinayagar Koil Street?

The current guideline value of Eshta Sithi Vinayagar 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 from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over these years. The value was Rs 1,000 per sq.ft in 2023.

What is the land classification for Eshta Sithi Vinayagar Koil Street?

The land classification for Eshta Sithi Vinayagar Koil Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Eshta Sithi Vinayagar Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pozhichalur?

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 11,00,000, the stamp duty would be Rs 77,000 at 7%.