Guideline Value for Old Eswaran Koil Street

Old Eswaran Koil Street guideline value

The current guideline value of Old Eswaran Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Old Eswaran Koil Street has changed

The guideline value for Old Eswaran Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 146 per sq.ft, which increased to Rs 170 per sq.ft in 2003, marking a change of +16%. By 2007, it rose significantly to Rs 200 per sq.ft, an increase of +18%. The 2012 revision saw a dramatic jump to Rs 2,200 per sq.ft, reflecting a substantial increase of +1000%. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, a change of +9% from the previous figure.

There are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by +1544%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is the same as the current guideline value for Old Eswaran Koil Street.

• Old MTH Road: Rs 3,800 per sq.ft (2024)
• Old School Street: Rs 2,400 per sq.ft (2024)
• Pachaiamman Street Devi nagar: Rs 2,400 per sq.ft (2024)
• North Mada Street: Rs 2,400 per sq.ft (2024)
• North Mada 4th Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada 3rd Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Old Eswaran Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Eswaran Koil Street?

The Sub Registrar Office covering Old Eswaran Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that all transactions are recorded at a fair value, preventing undervaluation of properties. This helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Old Eswaran Koil Street?

The current guideline value of Old Eswaran Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 146 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of +1544% over the years.

What is the registration office for Old Eswaran Koil Street?

The registration office for Old Eswaran Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Are there other streets with the same guideline value in Thirumullaivoyal?

Yes, there are several other streets in Thirumullaivoyal that share the same guideline value of Rs 2,400 per sq.ft, including Old School Street, Pachaiamman Street Devi nagar, North Mada Street, North Mada 4th Cross Street, and North Mada 3rd Cross Street.