Guideline Value for EASTON ENCLAVE

Easton Enclave guideline value

The current guideline value of Easton Enclave, located in Nedunkumdram village, is Rs 4,600 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III, and it falls under the Tambaram Joint 1 SRO.

How the guideline value of Easton Enclave has changed

The guideline value for Easton Enclave has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 4,180 per sq.ft, which increased by 10% to Rs 4,600 per sq.ft in the 2024 revision.

This increase reflects a change from the previous year, marking a notable adjustment in the guideline value for this street. The current figure is now higher than the median value of Rs 2,200 per sq.ft for the 75 streets in Nedunkumdram under the Tambaram Joint 1 SRO.

Guideline values in Nedunkumdram

Nedunkumdram village features a range of guideline values, with the 2024 figures for various streets varying from Rs 330 to Rs 5,300 per sq.ft. Easton Enclave's guideline value of Rs 4,600 per sq.ft is above the median value of Rs 2,200 per sq.ft. Below are the guideline values for other streets in Nedunkumdram:

• Divya Garden: Rs 330 per sq.ft (2024)
• Devaraj Nagar I to IV: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar Extension: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar: Rs 1,430 per sq.ft (2024)
• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Easton Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost to Rs 4,14,000. 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 further calculations.

Which Sub Registrar Office covers Easton Enclave?

The Sub Registrar Office that covers Easton Enclave is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nedunkumdram. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Easton Enclave?

The current guideline value of Easton Enclave is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,180 per sq.ft in 2023 to Rs 4,600 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Nedunkumdram?

The median guideline value for the 75 streets in Nedunkumdram is Rs 2,200 per sq.ft. Easton Enclave's guideline value is above this median.

What are the stamp duty rates for properties in Easton Enclave?

The stamp duty for properties in Easton Enclave is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Easton Enclave?

The Tambaram Joint 1 Sub Registrar Office covers Easton Enclave and is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information about your SRO online.