Guideline Value for E.S.T. NAGAR 1 ST STREET

E.S.T. Nagar 1 St Street guideline value

The current guideline value of E.S.T. Nagar 1 St Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village and falls under the Pallipattu SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of E.S.T. Nagar 1 St Street has changed

The guideline value for E.S.T. Nagar 1 St Street has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 300 per sq.ft, the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the current value of Rs 300 per sq.ft.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value among these streets is Rs 250 per sq.ft, placing E.S.T. Nagar 1 St Street above that median with its current value of Rs 300 per sq.ft.

• E.S.T. Nagar 2 Nd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 3 Rd Street: Rs 300 per sq.ft (2024)
• Easu Nadhar Street: Rs 200 per sq.ft (2024)
• Gangai Yamman Koil Street: Rs 250 per sq.ft (2024)
• Dhandu Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• G.N. Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in E.S.T. Nagar 1 St Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers E.S.T. Nagar 1 St Street?

The E.S.T. Nagar 1 St Street is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Podaturpet

The guideline value plays a crucial role in the registration process when buying or selling property in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable charges. Buyers and sellers should be aware that the duty is calculated based on the higher of the guideline value or the sale price, ensuring that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value of E.S.T. Nagar 1 St Street?

The current guideline value of E.S.T. Nagar 1 St Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024.

What is the land classification for E.S.T. Nagar 1 St Street?

The land classification for E.S.T. Nagar 1 St Street is Residential Special Type - III.

What are the registration fees for property in E.S.T. Nagar 1 St Street?

For a 1,000 sq.ft plot at the current guideline value, the total registration fees would amount to Rs 27,000, which includes a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.

Which office handles registrations for E.S.T. Nagar 1 St Street?

The Pallipattu Sub Registrar Office handles registrations for E.S.T. Nagar 1 St Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.