Guideline Value for Eswaran koil vadavandai mada veethi

Eswaran koil vadavandai mada veethi guideline value

The current guideline value of Eswaran koil vadavandai mada veethi is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village under the Poonamallee SRO, classified as Residential Class I Type - I.

How the guideline value of Eswaran koil vadavandai mada veethi has changed

The guideline value for Eswaran koil vadavandai mada veethi has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The 2017 revision saw a substantial increase to Rs 750 per sq.ft in 2023, reflecting a 49% increase, and the current value of Rs 825 per sq.ft from the 2024 revision shows a further increase of 10%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 3,400 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Eswaran koil vadavandai mada veethi's current value above this median.

• Eswaran koil street: Rs 550 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 vadavandai mada veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 8,25,000, the stamp duty at 7% amounts to Rs 57,750, and the registration fee at 2% amounts to Rs 16,500, which together totals Rs 74,250. Please 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 vadavandai mada veethi?

Eswaran koil vadavandai mada veethi is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee 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 a crucial factor during the registration of property transactions in Udaiyavarkoil. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that the transaction is recorded accurately in the official registry. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Eswaran koil vadavandai mada veethi?

The current guideline value of Eswaran koil vadavandai mada veethi is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 150 per sq.ft in 2007 to Rs 825 per sq.ft in 2024. Notably, there was a significant increase of 400% from 2007 to 2012, followed by a decrease and subsequent increases in the following years.

What is the median guideline value for streets in Udaiyavarkoil?

The median guideline value for the 35 streets in Udaiyavarkoil under the Poonamallee SRO is Rs 550 per sq.ft. Eswaran koil vadavandai mada veethi's current value is above this median.

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

For a property valued at Rs 8,25,000, the stamp duty is Rs 57,750 and the registration fee is Rs 16,500, totaling Rs 74,250. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Eswaran koil vadavandai mada veethi?

The Poonamallee Sub Registrar Office, which covers Eswaran koil vadavandai mada veethi, is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.