Guideline Value for Eshwaran Koil Street

Eshwaran Koil Street guideline value

The current guideline value of Eshwaran Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Eshwaran Koil Street has changed

Over the years, the guideline value of Eshwaran Koil Street has seen several revisions. The earliest recorded figure is from the 2007 revision, which was Rs 1,000 per sq.ft. This value increased significantly to Rs 3,500 per sq.ft in 2012, marking a 250% rise. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The 2023 revision saw a substantial increase to Rs 3,500 per sq.ft, followed by the current value of Rs 3,900 per sq.ft in 2024, representing an 11% increase.

From 2017 to 2023, the increase was 49%, and the overall change from the 2007 revision to the 2024 revision shows a remarkable increase of 290%. Notably, there are no figures available for the years 2002 and 2003 in the register for Eshwaran Koil Street.

Guideline values in Nandhambakkam

Nandhambakkam has a total of 76 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Eshwaran Koil Street.

• Ganapathi Nagar first Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram 2nd Street: Rs 3,900 per sq.ft (2024)
• East Mada Veedhi: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 3rd Street: Rs 3,900 per sq.ft (2024)
• Ganapathi puram 4th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Eshwaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eshwaran Koil Street?

The Sub Registrar Office that covers Eshwaran Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction reflects the official value set by the government, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Eshwaran Koil Street?

The current guideline value of Eshwaran Koil Street is Rs 3,900 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 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 290%.

What is the land classification for Eshwaran Koil Street?

Eshwaran Koil Street falls under the land classification of Residential Class II Type - I.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Eshwaran Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.