Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Eswaran Koil Street has changed

The guideline value for Eswaran Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. Subsequently, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Eswaran Koil Street's 2024 figure below that median.

• Esthar Garden Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden Phase II: Rs 1,900 per sq.ft (2024)
• Esthar Garden Phase I: Rs 1,900 per sq.ft (2024)
• Esthar Garden Main Road: Rs 1,900 per sq.ft (2024)
• Esthar Garden 4th Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 3rd Street: Rs 1,900 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or transferred, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value influences the calculation of stamp duty and registration fees. These costs are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. It was Rs 1,005 per sq.ft in 2017, which was a 33% decrease from Rs 1,500 per sq.ft in 2012.

What are the other streets in Madambakkam with their guideline values?

Other streets in Madambakkam have varying guideline values. For example, Esthar Garden Street, Esthar Garden Phase I, II, and Main Road all have a guideline value of Rs 1,900 per sq.ft in 2024.

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

The stamp duty for a property valued at Rs 16,00,000 would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Eswaran Koil Street?

The Selaiyur Sub Registrar Office handles registrations for Eswaran Koil Street. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.