Guideline Value for Eswaran koil 2nd Street

Eswaran koil 2nd Street guideline value

The current guideline value of Eswaran koil 2nd Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Eswaran koil 2nd Street has changed

The guideline value for Eswaran koil 2nd Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 3,900 per sq.ft. In 2017, it decreased to Rs 2,613 per sq.ft, marking a decline of 33%. By 2023, the value rose significantly to Rs 3,900 per sq.ft, and in the latest revision for 2024, it has increased to Rs 4,290 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The jump from 2017 to 2023 represents a substantial increase of 49%. It is important to note that there are no recorded 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 guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Eswaran koil 2nd Street is above this median.

• Eswaran koil 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total fees to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswaran koil 2nd Street?

The Sub Registrar Office that covers Eswaran koil 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Porur, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, helping both buyers and sellers understand the value of properties in the area. It is essential to be aware of the current guideline value to make informed decisions when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of Eswaran koil 2nd Street?

The current guideline value of Eswaran koil 2nd 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 significantly from Rs 3,900 per sq.ft in 2012 to Rs 4,290 per sq.ft in 2024. Notably, it decreased to Rs 2,613 per sq.ft in 2017 before rising again in subsequent years.

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

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100. These fees are based on the current guideline value.

Which office handles property registrations for Eswaran koil 2nd Street?

The Kunrathur Sub Registrar Office handles property registrations for Eswaran koil 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it determines the stamp duty and registration fees for property transactions. It also provides a benchmark for assessing property values in the area, aiding buyers and sellers in their decisions.