Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 85 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 606% rise. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, a drop of 33%. The value then rose again to Rs 600 per sq.ft in the 2023 revision, and finally, it reached Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for Eswaran Koil Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 676%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. Eswaran Koil Street's 2024 guideline value is below this median.

• Elliamman Koil Street: Rs 660 per sq.ft (2024)
• Ganapathy Nagar: Rs 830 per sq.ft (2024)
• East Mada Veethi: Rs 660 per sq.ft (2024)
• Gandhiji Colony: Rs 660 per sq.ft (2024)
• Gandhi Nagar: Rs 830 per sq.ft (2024)
• Gandhi Street: Rs 830 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 rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the 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 information.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 676% over the years.

What is the land classification of Eswaran Koil Street?

Eswaran Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property with a guideline value of Rs 6,60,000, the total fees would amount to Rs 59,400.

Which Sub Registrar Office covers Eswaran Koil Street?

The Padappai Sub Registrar Office covers Eswaran Koil Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.