Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Eswaran Koil Street has changed

Over the years, the guideline value of Eswaran Koil Street has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and further to Rs 1,300 per sq.ft in the 2024 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

The changes between the revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 8%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Eswaran Koil Street's 2024 figure below this median.

• Eswari Nagar: Rs 2,900 per sq.ft (2024)
• Eswari Nagar Ext: Rs 2,750 per sq.ft (2024)
• Erikkarai Vinayagar Puram: Rs 1,600 per sq.ft (2024)
• Erikkarai Street: Rs 2,900 per sq.ft (2024)
• Elumalai Street: Rs 2,200 per sq.ft (2024)
• Elumalai Nayakakar Street: Rs 1,600 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees together Rs 1,17,000. 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 calculations.

Which Sub Registrar Office covers Eswaran Koil Street?

Eswaran Koil Street falls under 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 details.

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

The guideline value is a critical factor during property registration in Selaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. It is vital for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. It decreased from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased again in subsequent years.

What is the land classification of Eswaran Koil Street?

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

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

The Sub Registrar Office covering Eswaran Koil Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.