Guideline Value for Eswaran Koil Lane

Eswaran Koil Lane guideline value

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

How the guideline value of Eswaran Koil Lane has changed

The guideline value for Eswaran Koil Lane has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 3,900 per sq.ft. This changed to Rs 2,613 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased significantly to Rs 3,900 per sq.ft in 2023, followed by a rise to Rs 4,290 per sq.ft in 2024, marking a 10% increase.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value in this area is Rs 3,960 per sq.ft, placing Eswaran Koil Lane's 2024 value above that median.

• Eswaran Koil Back Side Lane: Rs 4,290 per sq.ft (2024)
• Eswaran koil 4th Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 3rd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil Street: 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)

Stamp duty and registration fee for property in Eswaran Koil Lane

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

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Koil Lane?

The Sub Registrar Office that covers Eswaran Koil Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Porur. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that buyers must pay.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eswaran Koil Lane?

The current guideline value of Eswaran Koil 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 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 in 2023, and finally to Rs 4,290 in 2024.

What is the median guideline value in Porur?

The median guideline value in Porur is Rs 3,960 per sq.ft, with Eswaran Koil Lane's 2024 value being above this median.

What are the stamp duty and registration fees for a property in Eswaran Koil Lane?

The stamp duty for a property valued at Rs 42,90,000 would be Rs 3,00,300, and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Where is the Sub Registrar Office for Eswaran Koil Lane located?

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