Guideline Value for Eswari Street (Lakshmiamman)

Eswari Street (Lakshmiamman) guideline value

The current guideline value of Eswari Street (Lakshmiamman) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Eswari Street (Lakshmiamman) has changed

The guideline value for Eswari Street (Lakshmiamman) has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, representing a 49% rise. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Eswari Street (Lakshmiamman) below this median with its current value of Rs 2,200 per sq.ft.

• Eswari Street: Rs 2,200 per sq.ft (2024)
• Eswaran Street (K.M. Nagar): Rs 2,700 per sq.ft (2024)
• Ethiraj Swamy Sannathi Street: Rs 3,301 per sq.ft (2024)
• E.V.R. Salai: Rs 2,700 per sq.ft (2024)
• E.V.R. Street: Rs 2,700 per sq.ft (2024)
• Ezhil Nagar A Block 10th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Eswari Street (Lakshmiamman)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eswari Street (Lakshmiamman)?

The Sub Registrar Office that covers Eswari Street (Lakshmiamman) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the amount of stamp duty and registration fees payable.

When registering a property, the guideline value helps ensure transparency and fairness in the transaction process. It protects both buyers and sellers by providing a standardized valuation based on the current market conditions in the area.

Frequently asked questions

What is the current guideline value of Eswari Street (Lakshmiamman)?

The current guideline value of Eswari Street (Lakshmiamman) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Eswari Street (Lakshmiamman)?

Eswari Street (Lakshmiamman) is classified as Residential Class II Type - I.

Where can I find the registration office for Eswari Street (Lakshmiamman)?

The registration office for Eswari Street (Lakshmiamman) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated on properties in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, the stamp duty on a property valued at Rs 22,00,000 would be Rs 1,54,000 at a rate of 7%.