Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 501 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 698%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register does not contain figures for the years 2002 and 2003 for Eswaran Koil Street. Overall, from 2007 to 2024, the guideline value has increased by 778%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, placing Eswaran Koil Street's 2024 figure above this median.

• Ekambaram Avenue Phase-II: Rs 3,025 per sq.ft (2024)
• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)
• Dr.Varadarajan Street: Rs 4,125 per sq.ft (2024)
• Gandhi Salai: Rs 4,400 per sq.ft (2024)
• Devadoss Street: Rs 4,125 per sq.ft (2024)
• Gokulapuram: Rs 3,025 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 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 on fees applicable to your property.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 501 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 778% over the years.

What is the land classification for Eswaran Koil Street?

Eswaran Koil Street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can also find your SRO online.

How is stamp duty calculated for properties in Eswaran Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.