Guideline Value for Parasurama Eswaran koil North Mada street Lane

Parasurama Eswaran koil North Mada street Lane guideline value

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

How the guideline value of Parasurama Eswaran koil North Mada street Lane has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a 350% rise. However, it decreased to Rs 3,015 per sq.ft in the 2017 revision, which was a 33% decrease from the previous value. The 2023 revision saw another increase to Rs 4,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 390%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value among these streets is Rs 4,900 per sq.ft, which is equal to the guideline value of Parasurama Eswaran koil North Mada street Lane.

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

Stamp duty and registration fee for property in Parasurama Eswaran koil North Mada street Lane

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 together to Rs 4,41,000. 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 Parasurama Eswaran koil North Mada street Lane?

The Parasurama Eswaran koil North Mada street Lane falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 plays a crucial role in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it may affect the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the total expenditure during the property transfer process.

Frequently asked questions

What is the current guideline value for Parasurama Eswaran koil North Mada street Lane?

The current guideline value for Parasurama Eswaran koil North Mada street Lane 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, marking an overall increase of 390%. The most recent revision was a 9% increase from Rs 4,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for this street?

The registration for Parasurama Eswaran koil North Mada street Lane is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

The land classification for Parasurama Eswaran koil North Mada street Lane is Residential Class I Type - III.