Guideline Value for Eswaran Koil St

Eswaran Koil St guideline value

The current guideline value of Eswaran Koil St is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Perampakkam village, under the Perambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Eswaran Koil St has changed

Over the years, the guideline value of Eswaran Koil St has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, followed by a decrease to Rs 234 per sq.ft in 2017. The value then rose by 50% to Rs 350 per sq.ft in 2023, and has remained the same in the 2024 revision.

Revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from the 2007 revision to the 2024 revision, there has been an increase of 250% in the guideline value.

Guideline values in Perampakkam

In Perampakkam village, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. Eswaran Koil St's 2024 figure is equal to this median.

• Gandhi Nagar: Rs 350 per sq.ft (2024)
• Hospital Road: Rs 400 per sq.ft (2024)
• Brahmanar St: Rs 350 per sq.ft (2024)
• Bazzar St: Rs 500 per sq.ft (2024)
• Jothi Ramalingam Nagar: Rs 350 per sq.ft (2024)
• Kammar St (Naidu St): Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Koil St?

The Sub Registrar Office that covers Eswaran Koil St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perampakkam. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Eswaran Koil St?

The current guideline value of Eswaran Koil St is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and returned to Rs 350 per sq.ft in 2023 and 2024.

What is the land classification for Eswaran Koil St?

Eswaran Koil St is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 31,500.

Which office handles property registrations for Eswaran Koil St?

The Perambakkam Sub Registrar Office handles property registrations for Eswaran Koil St. It is located at Jothi Ramalinga Nagar, near the Post Office in Perambakkam.