Guideline Value for Eswaran koil Street

Eswaran koil Street guideline value

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

How the guideline value of Eswaran koil Street has changed

Over the years, the guideline value of Eswaran koil Street has seen significant changes. In the 2002 revision, the value was Rs 287 per sq.ft. This figure increased to Rs 318 per sq.ft in 2003, marking an 11% rise. The following revisions were as follows: in 2007, the value jumped to Rs 750 per sq.ft, reflecting a 136% increase. By 2012, it was Rs 3,900 per sq.ft, a substantial 420% increase from the previous revision. However, in 2017, the value decreased to Rs 2,613 per sq.ft, a drop of 33%. The value then rose to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,290 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 is an impressive 1,395% increase.

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 for these streets is Rs 3,960 per sq.ft, placing Eswaran koil Street's 2024 figure above this median.

• Eswaran Koil Lane: Rs 4,290 per sq.ft (2024)
• Eswaran Koil Back Side Lane: Rs 4,290 per sq.ft (2024)
• Eswaran koil 4th Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 3rd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 2nd Street: Rs 4,290 per sq.ft (2024)
• Eswaran koil 1st Street: Rs 4,290 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 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty, charged at 7%, would be Rs 3,00,300, while the registration fee at 2% would be Rs 85,800. Together, the total cost for stamp duty and registration fee would be Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 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. The guideline value is the minimum value set by the government for property transactions, and it is used to calculate the applicable fees during registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Eswaran koil Street?

The current guideline value of Eswaran koil 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 287 per sq.ft in 2002 to Rs 4,290 per sq.ft in 2024, reflecting an overall increase of 1,395%.

What is the land classification for Eswaran koil Street?

Eswaran koil Street is classified as Mixed Special Type - II under the current guidelines.

What are the stamp duty and registration fees for a property in Eswaran koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 42,90,000, with stamp duty at Rs 3,00,300 and registration fee at Rs 85,800, totaling Rs 3,86,100.

Which office handles the registration for Eswaran koil Street?

The Kunrathur Sub Registrar Office handles the registration for Eswaran koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.