Guideline Value for Eswarar koil Street

Eswarar koil Street guideline value

The current guideline value of Eswarar koil Street is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village, under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Eswarar koil Street has changed

Eswarar koil Street has seen several revisions in its guideline value over the years. In the 2007 revision, the value was Rs 250 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a rise of 140%. However, the value then decreased to Rs 402 per sq.ft in the 2017 revision, a decline of 33%. The 2023 revision saw another increase to Rs 600 per sq.ft, and the current 2024 revision has raised it to Rs 650 per sq.ft, reflecting an 8% increase.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 160%. It is important to note that the register has no figures for Eswarar koil Street for the years 2002 and 2003.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 650 per sq.ft, which is the same as the current value for Eswarar koil Street.

• Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Kalvai Street (Kalvai karai Street): Rs 650 per sq.ft (2024)
• Kamarajar Nagar: Rs 650 per sq.ft (2024)
• Balaji Nagar: Rs 650 per sq.ft (2024)
• Kandasamy Nagar: Rs 650 per sq.ft (2024)
• Kundrathur Road: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Eswarar koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty, charged at 7%, would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total cost for these fees to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eswarar koil Street?

The Sub Registrar Office that covers Eswarar 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Moonramkattalai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Eswarar koil Street?

The current guideline value of Eswarar koil Street is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, reflecting an overall increase of 160% over the years.

What is the land classification for Eswarar koil Street?

The land classification for Eswarar koil Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Eswarar koil Street?

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

How is stamp duty calculated for properties in Eswarar koil Street?

Stamp duty for properties in Eswarar koil Street is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 at 7%.