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Guideline Value

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Guideline Value for Eswaran Koil Street

₹1210/sq.ft.

The guideline value for Eswaran Koil Street in Sembulivaram village (Redhills SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembulivaram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Eswaran Koil Street

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Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street in Sembulivaram village is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Eswaran Koil Street has changed

Over the years, the guideline value of Eswaran Koil Street has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012, marking an 83% rise. However, this was followed by a decrease to Rs 737 per sq.ft in the 2017 revision, reflecting a 33% drop. The value then surged to Rs 1,100 per sq.ft in 2023, representing a 49% increase, and has now reached Rs 1,210 per sq.ft in the 2024 revision, a 10% rise from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

When looking at the overall changes, the guideline value has increased by 102% from Rs 600 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024. This demonstrates a significant upward trend in the guideline value over the years, with fluctuations occurring between certain revisions.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Eswaran Koil Street.

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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Therefore, the total cost for these fees would be Rs 1,08,900. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sembulivaram. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is documented at a fair value.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both the buyer and seller comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, showing an overall increase of 102% over the years.

What is the registration office for Eswaran Koil Street?

The registration office for Eswaran Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 1,08,900, calculated based on the guideline value of Rs 12,10,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value of a property for registration and to calculate the associated stamp duty and registration fees, ensuring compliance with legal requirements.