Guideline Value for EASWARA NAGAR 3RD STREET

Easwara Nagar 3rd Street guideline value

The current guideline value of Easwara Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Easwara Nagar 3rd Street has changed

The guideline value has undergone several revisions over the years. In 2007, the value was set at Rs 1,050 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in 2012, marking a rise of 452%. However, from 2012 to 2017, the value decreased to Rs 3,886 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 6,300 per sq.ft, an increase of 62% from the 2017 figure.

The register does not have figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Easwara Nagar 3rd Street above this median.

• Easwara Nagar 2nd Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 4th Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000. Therefore, the total cost for these fees would be Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Easwara Nagar 3rd Street?

The Sub Registrar Office that covers Easwara Nagar 3rd 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 is a critical factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This process helps in maintaining the integrity of property transactions and ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Easwara Nagar 3rd Street?

The current guideline value of Easwara Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,050 per sq.ft in 2007, rising to Rs 5,800 in 2012, then dropping to Rs 3,886 in 2017, and finally increasing to Rs 6,300 in 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 5,67,000.

Which office handles property registrations for Easwara Nagar 3rd Street?

The Kodambakkam Sub Registrar Office handles property registrations for Easwara Nagar 3rd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft. Easwara Nagar 3rd Street's 2024 value of Rs 6,300 is above this median.