Guideline Value for Parasurama Eswaran koil West Mada Street

Parasurama Eswaran koil West Mada Street guideline value

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

How the guideline value of Parasurama Eswaran koil West Mada Street has changed

The guideline value for Parasurama Eswaran koil West Mada Street has seen several revisions over the years. Starting from Rs 504 per sq.ft in 2002, it increased to Rs 710 per sq.ft in 2003, marking a rise of 41%. The value further increased to Rs 1,000 per sq.ft in 2007, which was a significant jump of 41% again. In 2012, the guideline value rose to Rs 4,500 per sq.ft, reflecting a remarkable increase of 350% from the previous revision. However, between 2017 and 2023, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, followed by the current rate of Rs 4,900 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 872%. The register has no figures for the years not mentioned in the list, ensuring clarity on the changes over time.

Guideline values in Ayanavaram

Ayanavaram village 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 equal to the current value of Parasurama Eswaran koil West Mada Street.

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

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

Which Sub Registrar Office covers Parasurama Eswaran koil West Mada Street?

The Sub Registrar Office that covers Parasurama Eswaran koil West 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 critical factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the duties owed. This ensures that the registration process is transparent and consistent across transactions.

Frequently asked questions

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

The current guideline value of Parasurama Eswaran koil West 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 significantly from Rs 504 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 872% over the years.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,00,000 would incur a registration fee of Rs 98,000.

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

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

How do I calculate stamp duty for property transactions?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.