Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 411%. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a drop of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 sets the guideline value at Rs 2,530 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for Eswaran Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 462%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, indicating that Eswaran Koil Street's 2024 figure is below this median.

• E.V.P. Rathi Avenue: Rs 2,530 per sq.ft (2024)
• Dhanam Nagar: Rs 2,860 per sq.ft (2024)
• Gowri Nagar: Rs 2,970 per sq.ft (2024)
• Gowri Nagar Extension: Rs 2,530 per sq.ft (2024)
• Guruswamy Nagar: Rs 3,520 per sq.ft (2024)
• Guruswamy Nagar Extension: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration would be Rs 2,27,700. It is important to note that the 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 assistance.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is 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 Mogalivakkam

When buying or selling property in Mogalivakkam, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, which is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 462% over the years.

What is the median guideline value in Mogalivakkam?

The median guideline value in Mogalivakkam is Rs 2,970 per sq.ft, which is higher than the current guideline value of Eswaran Koil Street.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Eswaran Koil Street?

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