Guideline Value for Eswari Street

Eswari Street guideline value

The current guideline value of Eswari Street in Kodungaiyur village, under the Madhavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Eswari Street has changed

The guideline value for Eswari Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, rising to Rs 2,000 per sq.ft, and further increasing to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value 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's 2024 figure below that median.

• Eswari Street (Lakshmiamman): 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Eswari Street?

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

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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Eswari Street?

The current guideline value of Eswari Street 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 of Eswari Street?

Eswari Street is classified as Residential Class II Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property in Eswari Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Eswari Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers Eswari Street.