Guideline Value for Eswaran koil street

Eswaran koil street guideline value

The current guideline value of Eswaran koil street in Udaiyavarkoil village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class II Type - I.

How the guideline value of Eswaran koil street has changed

Over the years, the guideline value of Eswaran koil street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 335 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, reflecting a 10% increase.

In total, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, which aligns with the current guideline value of Eswaran koil street.

• Eswaran koil vadavandai mada veethi: Rs 825 per sq.ft (2024)
• Durga nagar: Rs 550 per sq.ft (2024)
• Gangai kondan mandapa veethi: Rs 825 per sq.ft (2024)
• Guberan Garden: Rs 550 per sq.ft (2024)
• Homeland 124 Phase - 2: Rs 3,400 per sq.ft (2024)
• Homeland 124 Phase-I: Rs 3,350 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Duty is charged on the higher of the guideline value and 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Udaiyavarkoil. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these charges are based on a standardized value set by the government.

When a property is registered, the buyer or seller must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Eswaran koil street?

The current guideline value of Eswaran koil street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Eswaran koil street?

Eswaran koil street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Eswaran koil street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is stamp duty calculated for properties in Udaiyavarkoil?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.