Guideline Value for Glatier Eagappan Street

Glatier Eagappan Street guideline value

The current guideline value of Glatier Eagappan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Glatier Eagappan Street has changed

The guideline value of Glatier Eagappan Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value rose significantly to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Glatier Eagappan Street's 2024 guideline value below that median.

• Goldsmith Tank Street: Rs 2,200 per sq.ft (2024)
• Gangannan Street: Rs 1,300 per sq.ft (2024)
• Gangannan East Street: Rs 1,300 per sq.ft (2024)
• Gangamman Koil Street (North-South): Rs 1,300 per sq.ft (2024)
• Gangamman Koil Street (East-West): Rs 1,300 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Glatier Eagappan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that 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 Glatier Eagappan Street?

The Sub Registrar Office that covers Glatier Eagappan Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Glatier Eagappan Street?

The current guideline value of Glatier Eagappan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What are the other streets in Tondaiarpet with their guideline values?

Other streets in Tondaiarpet include Goldsmith Tank Street at Rs 2,200 per sq.ft, and several streets like Gangannan Street and Gangamman Koil Street at Rs 1,300 per sq.ft, among others.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations for Glatier Eagappan Street?

The Royapuram Sub Registrar Office handles property registrations for Glatier Eagappan Street, located at 535, Tondaiyarpet High Road, Chennai 600021.