Guideline Value for Eswaradas Lala Street & lane

Eswaradas Lala Street & lane guideline value

The current guideline value for Eswaradas Lala Street & lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Eswaradas Lala Street & lane has changed

The guideline value for Eswaradas Lala Street & lane has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 590 per sq.ft. This increased to Rs 648 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 1,650 per sq.ft in 2007, which was a 155% increase. In 2012, the guideline value was Rs 6,000 per sq.ft, reflecting a 264% increase from the previous figure. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decrease of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 1019%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Eswaradas Lala Street & lane.

• Ellis Road: Rs 8,800 per sq.ft (2024)
• Ellis 2nd Street: Rs 6,600 per sq.ft (2024)
• Ellis 2nd Lane: Rs 6,600 per sq.ft (2024)
• Ellis 1st Street: Rs 6,600 per sq.ft (2024)
• Ellis 1st Lane: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaradas Lala Street & lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaradas Lala Street & lane?

The Sub Registrar Office that covers Eswaradas Lala Street & lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Triplicane, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transfer. The registration process will require adherence to these values, ensuring that all transactions are compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Eswaradas Lala Street & lane?

The current guideline value for Eswaradas Lala Street & lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 590 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, with various increases and decreases in between. The most significant increase occurred between 2007 and 2012, where it rose by 264%.

What is the stamp duty for property in Eswaradas Lala Street & lane?

The stamp duty for property in Eswaradas Lala Street & lane is 7% of the guideline value. For a plot valued at Rs 66,00,000, the stamp duty would amount to Rs 4,62,000.

Which office handles registrations for properties in Triplicane?

The Triplicane Sub Registrar Office handles registrations for properties in Triplicane. It is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How is the guideline value determined for properties in Triplicane?

The guideline value is determined by the Registration Department and is based on various factors, including the classification of land and historical revisions. It serves as a benchmark for property transactions in the area.