Guideline Value for Eswaran Koil Street

Eswaran Koil Street guideline value

The current guideline value of Eswaran Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Vaipoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Eswaran Koil Street has changed

The guideline value of Eswaran Koil Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 250 per sq.ft. In 2017, the value decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, this was followed by an increase to Rs 250 per sq.ft in 2023, reflecting a 50% increase from the 2017 revision. The 2024 revision has maintained this figure at Rs 250 per sq.ft, showing no change from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for Eswaran Koil Street.

Guideline values in Vaipoor

In Vaipoor, there are nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 300 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which is equal to the guideline value of Eswaran Koil Street.

• Gangaiamman kovil Street: Rs 250 per sq.ft (2024)
• Mahakavi Bharathiyar Nagar Stage I & II: Rs 300 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Ragallamman Kovil Street: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. 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 details.

Which Sub Registrar Office covers Eswaran Koil Street?

The Sub Registrar Office that covers Eswaran Koil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vaipoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the fees are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Eswaran Koil Street?

The current guideline value of Eswaran Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and maintaining the same value in 2024.

What are the other streets in Vaipoor with guideline values?

Other streets in Vaipoor include Gangaiamman kovil Street, Mariamman Kovil Street, Mettu Street, Perumal Kovil Street, and Ragallamman Kovil Street, all with a guideline value of Rs 250 per sq.ft, while Mahakavi Bharathiyar Nagar Stage I & II is valued at Rs 300 per sq.ft.

What fees are associated with purchasing property in Eswaran Koil Street?

When purchasing property in Eswaran Koil Street, buyers should consider the stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Eswaran Koil Street located?

The Sub Registrar Office covering Eswaran Koil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.