Guideline Value for Eswaran Koil Back Side Lane

Eswaran Koil Back Side Lane guideline value

The current guideline value of Eswaran Koil Back Side Lane is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the jurisdiction of the Kunrathur SRO, and is classified as Mixed Special Type - II land.

How the guideline value of Eswaran Koil Back Side Lane has changed

The guideline value for Eswaran Koil Back Side Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 3,900 per sq.ft, which was a decrease of 33% from the Rs 2,613 per sq.ft recorded in the 2017 revision. The value remained unchanged in 2012 but increased significantly to Rs 3,900 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value increase by 10% to Rs 4,290 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, making the 2024 figure for Eswaran Koil Back Side Lane above this median.

• Eswaran koil 4th Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 3rd Street: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Lane: Rs 4,290 per sq.ft (2024)
• Eswaran koil 2nd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 1st Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koil Back Side Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total cost together to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Eswaran Koil Back Side Lane?

The Eswaran Koil Back Side Lane is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

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

When buying or selling property, the guideline value helps both parties to understand the fair valuation of the property based on the latest revisions. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eswaran Koil Back Side Lane?

The current guideline value of Eswaran Koil Back Side Lane is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2023 to Rs 4,290 per sq.ft in 2024. It increased by 10%. The value was Rs 2,613 per sq.ft in 2017 and Rs 3,900 per sq.ft in 2012.

What is the land classification for Eswaran Koil Back Side Lane?

Eswaran Koil Back Side Lane is classified as Mixed Special Type - II land. This classification affects the guideline value and property transactions.

Where can I find the registration office for this area?

The registration office covering Eswaran Koil Back Side Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Eswaran Koil Back Side Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 42,90,000 would incur a stamp duty of Rs 3,00,300.