Guideline Value for Parasurama Eswaran koil street

Parasurama Eswaran koil street guideline value

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

How the guideline value of Parasurama Eswaran koil street has changed

The guideline value for Parasurama Eswaran koil street has seen several revisions over the years. In 2002, the value was Rs 504 per sq.ft, which increased to Rs 566 per sq.ft in 2003, marking a 12% rise. The value then jumped significantly to Rs 1,000 per sq.ft in 2007, reflecting a 77% increase. Following this, the value surged to Rs 4,500 per sq.ft in 2012, a remarkable 350% increase. However, it decreased to Rs 3,015 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 4,900 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 872%. The register has no figures for the years not listed in the revisions.

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 is Rs 4,900 per sq.ft, which is the same as the current value for Parasurama Eswaran koil street.

• Parasurama Eswaran koil North Mada street Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil West Mada Street: 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 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, charged at 7%, would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parasurama Eswaran koil street?

The Parasurama Eswaran koil street is covered by 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 during the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees payable to the government. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

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 street.

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

For a property valued at 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, totaling Rs 4,41,000.

Which office handles registrations for Parasurama Eswaran koil street?

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