In this work, we report on the studies of dielectric, magnetic, and magnetotransport properties of Sr doped RE2-xSrxCoO4 (RE=Pr or Eu, x=0.25-1.5). These compounds were systematically studied in terms of structure, magnetic, magnetotransport, and dielectric constant measurements. Rietveld refinement indicated that these compounds crystallized in K2NiF4-type structure with space group I4/mmm. Lattice parameters increase with Sr doping level. The system changes from paramagnetic to ferromagnetic with increasing Sr doping level and finally becomes ferromagnetic with T-C of 230 K for Pr0.75Sr1.25CoO4 and EuSrCoO4, respectively. The temperature dependence of resistivity indicates that both systems change from semiconductive to metallic with Sr doping. The magnetoresistance (MR) value of 10% at 5 K and 8 T is found for the EuSrCoO4 compound. Large dielectric constants with values of above 2000 were observed in low frequencies for samples with x around 1 for Pr based compounds.