Guideline Value for EASWARA NAGAR 1ST STREET

Easwara Nagar 1st Street guideline value

The current guideline value of Easwara Nagar 1st Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Easwara Nagar 1st Street has changed

Looking at the revisions, the guideline value for Easwara Nagar 1st Street has seen significant changes over the years. In 2007, the value was Rs 1,050 per sq.ft, which increased dramatically to Rs 4,300 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,881 per sq.ft in 2017. The value then rose to Rs 4,300 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,600 per sq.ft. Notably, there are no figures in the register for the years 2002 and 2003.

Between the revisions, the changes include a 310% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 338%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Easwara Nagar 1st Street is below this median.

• Easwara Nagar 2nd Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Easwara Nagar 4th Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 5th Street: Rs 4,600 per sq.ft (2024)
• East Mada Street: Rs 5,300 per sq.ft (2024)
• East Avenue: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Easwara Nagar 1st Street

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 to Rs 4,14,000. It is important to note that 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 details.

Which Sub Registrar Office covers Easwara Nagar 1st Street?

The Sub Registrar Office that covers Easwara Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is fair and transparent, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Easwara Nagar 1st Street?

The current guideline value of Easwara Nagar 1st Street 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 significantly from Rs 1,050 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Easwara Nagar 1st Street?

Easwara Nagar 1st Street falls under the Residential Class IV Type - I land classification.

Where can I find the Sub Registrar Office for Easwara Nagar 1st Street?

The Kodambakkam Sub Registrar Office, which covers Easwara Nagar 1st Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 46,00,000 would incur a stamp duty of Rs 3,22,000 at 7%.