Guideline Value for Parasurama Eswaran koil Kulakkarai Street

Parasurama Eswaran koil Kulakkarai Street guideline value

The current guideline value of Parasurama Eswaran koil Kulakkarai Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Parasurama Eswaran koil Kulakkarai Street has changed

The guideline value for Parasurama Eswaran koil Kulakkarai Street has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012. However, it then dropped to Rs 3,015 per sq.ft in 2017. The 2023 revision set the value at Rs 4,500 per sq.ft, before the latest increase to Rs 4,900 per sq.ft in 2024, marking a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 390%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for Parasurama Eswaran koil Kulakkarai Street.

• Parasurama Eswaran koil 3rd Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil 2nd Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil West Mada Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Parasurama Eswaran koil Kulakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. 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 Parasurama Eswaran koil Kulakkarai Street?

The Sub Registrar Office that covers Parasurama Eswaran koil Kulakkarai Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Parasurama Eswaran koil Kulakkarai Street?

The current guideline value of Parasurama Eswaran koil Kulakkarai Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Parasurama Eswaran koil Kulakkarai Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Parasurama Eswaran koil Kulakkarai Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

Parasurama Eswaran koil Kulakkarai Street is classified as Residential Class I Type - III.