Guideline Value for E.S.T. NAGAR 2 ND STREET

E.S.T. Nagar 2 Nd Street guideline value

The current guideline value of E.S.T. Nagar 2 Nd Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Special Type - III.

How the guideline value of E.S.T. Nagar 2 Nd Street has changed

The guideline value for E.S.T. Nagar 2 Nd Street has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from the 2017 figure to the 2024 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 revision shows no change, with a 0% increase between these years.

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, with a median value of Rs 250 per sq.ft. E.S.T. Nagar 2 Nd Street's guideline value is above this median.

• E.S.T. Nagar 1 St 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 2 Nd 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, making the total fees Rs 27,000. 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 E.S.T. Nagar 2 Nd Street?

The E.S.T. Nagar 2 Nd Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of E.S.T. Nagar 2 Nd Street?

The current guideline value of E.S.T. Nagar 2 Nd 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 increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking an overall increase of 49% from 2017 to 2024.

What are the other streets in Podaturpet with their guideline values?

Other streets in Podaturpet under the Pallipattu SRO include E.S.T. Nagar 1 St Street and E.S.T. Nagar 3 Rd Street, both at Rs 300 per sq.ft, Easu Nadhar Street at Rs 200 per sq.ft, Gangai Yamman Koil Street at Rs 250 per sq.ft, Dhandu Mariyamman Koil Street at Rs 200 per sq.ft, and G.N. Nagar at Rs 300 per sq.ft.

What is the stamp duty rate for properties in E.S.T. Nagar 2 Nd Street?

The stamp duty rate for properties in E.S.T. Nagar 2 Nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for E.S.T. Nagar 2 Nd Street?

The Pallipattu Sub Registrar Office handles property registrations for E.S.T. Nagar 2 Nd Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.