Guideline Value for Eswaran koil 1st Street

Eswaran koil 1st Street guideline value

The current guideline value of Eswaran koil 1st Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Mixed Special Type - II.

How the guideline value of Eswaran koil 1st Street has changed

Over the years, the guideline value of Eswaran koil 1st Street has undergone several revisions. The 2012 revision set the value at Rs 3,900 per sq.ft, which was then reduced to Rs 2,613 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,900 per sq.ft, and the most recent 2024 revision has set it at Rs 4,290 per sq.ft.

From the 2017 to 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value of these streets is Rs 3,960 per sq.ft, placing Eswaran koil 1st Street's 2024 figure above that median.

• Eswaran koil 2nd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 3rd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 4th Street: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Back Side Lane: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Lane: Rs 4,290 per sq.ft (2024)
• Eswaran koil Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Eswaran koil 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, while the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. Please note that 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 1st Street?

The Sub Registrar Office that covers Eswaran koil 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the authorities will assess the guideline value to calculate the applicable fees. This value helps ensure that the property is accurately valued for taxation purposes, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Eswaran koil 1st Street?

The current guideline value of Eswaran koil 1st Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,290 per sq.ft in 2024.

What is the land classification of Eswaran koil 1st Street?

Eswaran koil 1st Street is classified as Mixed Special Type - II.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 3,86,100.

Where can I find the Sub Registrar Office for Eswaran koil 1st Street?

The Sub Registrar Office for Eswaran koil 1st Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.