Guideline Value for EASWARA NAGAR 2ND STREET

Easwara Nagar 2nd Street guideline value

The current guideline value of Easwara Nagar 2nd Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Easwara Nagar 2nd Street has changed

The guideline value for Easwara Nagar 2nd Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,050 per sq.ft, which increased to Rs 4,300 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised the guideline value to Rs 4,600 per sq.ft, marking a 7% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street. 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 have 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 2nd Street is below this median.

• Easwara Nagar 1st 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 2nd 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, leading to a total cost of Rs 4,14,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwara Nagar 2nd Street?

The Sub Registrar Office that covers Easwara Nagar 2nd 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that all transactions are fairly assessed and documented.

Frequently asked questions

What is the current guideline value of Easwara Nagar 2nd Street?

The current guideline value of Easwara Nagar 2nd 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, marking an overall increase of 338% over the years.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, with Easwara Nagar 1st Street and Easwara Nagar 4th Street both at Rs 4,600 per sq.ft, while Easwara Nagar 3rd Street is at Rs 6,300 per sq.ft.

What fees are associated with buying property in Easwara Nagar 2nd Street?

When buying property in Easwara Nagar 2nd Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Easwara Nagar 2nd Street?

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