Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 505 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

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 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value significantly increased to Rs 500 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 505 per sq.ft, reflecting a 1% increase from the previous year.

The register does not have figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that Eswaran Koil Street's 2024 figure of Rs 505 per sq.ft is above the median.

• Ettiyamman Koil Cross Street: Rs 300 per sq.ft (2024)
• Ettiyamman Koil Street: Rs 300 per sq.ft (2024)
• Gandhi Road: Rs 505 per sq.ft (2024)
• Globus Sakthi Enclave: Rs 800 per sq.ft (2024)
• Chennai Bangaluru Road: Rs 1,000 per sq.ft (2024)
• High School Street: Rs 400 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 505 per sq.ft, the total guideline value amounts to Rs 5,05,000. The stamp duty at 7% would be Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total fees to Rs 45,450. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is compliant with the regulations set by the Registration Department. Buyers and sellers should be aware of the current guideline value to accurately estimate their costs during the transaction.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the land classification for Eswaran Koil Street?

Eswaran Koil Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Eswaran Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thandalam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct fees are applied during the registration process.