Guideline Value for EASWARA NAGAR 5TH STREET

Easwara Nagar 5th Street guideline value

The current guideline value of Easwara Nagar 5th 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 is classified as Residential Class IV Type - I.

How the guideline value of Easwara Nagar 5th Street has changed

The guideline value for Easwara Nagar 5th Street has undergone several revisions over the years. The earliest revision available is from 2007, when the value was Rs 1,050 per sq.ft. This increased significantly to Rs 4,300 per sq.ft in 2012, marking a change of +310%. The value remained unchanged at Rs 4,300 per sq.ft until the next revision in 2023, when it rose to Rs 4,600 per sq.ft, reflecting a change of +7%.

Overall, from 2007 to 2024, the guideline value has increased by +338%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, 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. The median value for these streets is Rs 5,800 per sq.ft, placing Easwara Nagar 5th Street's 2024 guideline value below that median.

• Easwara Nagar 4th Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Easwara Nagar 2nd Street: Rs 4,600 per sq.ft (2024)
• Easwara Nagar 1st 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 5th 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 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Easwara Nagar 5th Street?

The Sub Registrar Office that covers Easwara Nagar 5th 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 crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which the property must be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Easwara Nagar 5th Street?

The current guideline value of Easwara Nagar 5th 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 from Rs 1,050 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, with significant increases in 2012 and 2023 revisions.

What is the classification of land in Easwara Nagar 5th Street?

Easwara Nagar 5th Street is classified as Residential Class IV Type - I.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. A worked example shows a total cost of Rs 4,14,000 for a 1,000 sq.ft plot.

Which office handles registrations for Easwara Nagar 5th Street?

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