Guideline Value for Eswaran Koi st Perumal Koil st ( Ward No.9 )

Eswaran Koi st Perumal Koil st ( Ward No.9 ) guideline value

The current guideline value for Eswaran Koi st Perumal Koil st ( Ward No.9 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Eswaran Koi st Perumal Koil st ( Ward No.9 ) has changed

The guideline value for Eswaran Koi st Perumal Koil st has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and further to Rs 1,300 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows an increase of 8%, reflecting the latest figure of Rs 1,300 per sq.ft.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Eswaran Koi st Perumal Koil st below this median.

• Eswaran Koil st ( Ward No.9 ): Rs 1,300 per sq.ft (2024)
• Eswari Nagar: Rs 1,300 per sq.ft (2024)
• Esra Nagar (Ward-08): Rs 1,300 per sq.ft (2024)
• Eswari Nagar ( Ward No.7 ): Rs 1,300 per sq.ft (2024)
• Ethiraj Nagar: Rs 1,300 per sq.ft (2024)
• Ethiraj Nagar (Ward-29): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koi st Perumal Koil st ( Ward No.9 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Eswaran Koi st Perumal Koil st ( Ward No.9 )?

The Sub Registrar Office that covers Eswaran Koi st Perumal Koil st ( Ward No.9 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Eswaran Koi st Perumal Koil st?

The current guideline value for Eswaran Koi st Perumal Koil st ( Ward No.9 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Eswaran Koi st Perumal Koil st?

Eswaran Koi st Perumal Koil st is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at a rate of 7%.