Guideline Value for Parasurama Eswaran koil North Mada street

Parasurama Eswaran koil North Mada street guideline value

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

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

The guideline value for Parasurama Eswaran koil North Mada street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 350%. However, in 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, and subsequently rose to Rs 4,900 per sq.ft in 2024, which is a change of 9% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 390%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the current value for Parasurama Eswaran koil North Mada street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, the total cost for stamp duty and registration fee would be Rs 4,41,000. Please 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 details.

Which Sub Registrar Office covers Parasurama Eswaran koil North Mada street?

The Sub Registrar Office that covers Parasurama Eswaran koil North Mada street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 a crucial factor in property transactions in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Parasurama Eswaran koil North Mada 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 and registration fees for properties 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.

Which office handles property registrations for this street?

The AnnaNagar Sub Registrar Office handles property registrations for Parasurama Eswaran koil North Mada street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value for Parasurama Eswaran koil North Mada street.