Guideline Value for EASU NADHAR STREET

Easu Nadhar Street guideline value

The current guideline value of Easu Nadhar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Easu Nadhar Street has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase. The current guideline value remains at Rs 200 per sq.ft as per the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Easu Nadhar Street. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, moving from Rs 134 per sq.ft to Rs 200 per sq.ft.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Easu Nadhar Street's 2024 figure below the median.

• E.S.T. Nagar 1 St Street: Rs 300 per sq.ft (2024)
• 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)
• Dhandu Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Dahrma Raja Koil Street: Rs 200 per sq.ft (2024)
• Gangai Yamman Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Easu Nadhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easu Nadhar Street?

The Sub Registrar Office that covers Easu Nadhar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, within the Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Podaturpet. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Easu Nadhar Street?

The current guideline value of Easu Nadhar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, reflecting a 49% increase. The value remains the same in the 2024 revision.

What is the land classification for Easu Nadhar Street?

Easu Nadhar Street is classified as Residential Class II Type - I according to the guideline value register.

What are the stamp duty and registration fees for properties in Easu Nadhar Street?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs total fees of Rs 18,000.

Which office handles the registration for Easu Nadhar Street?

The registration for Easu Nadhar Street is handled by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.