Guideline Value for EASWARAN NAGAR (B)

Easwaran Nagar (B) guideline value

The current guideline value of Easwaran Nagar (B) is Rs 4,125 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village under the Pallavaram SRO, classified as Mixed Type - I land.

How the guideline value of Easwaran Nagar (B) has changed

The guideline value for Easwaran Nagar (B) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,750 per sq.ft, which was then reduced to Rs 2,512 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 3,750 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,125 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. Notably, the 2017 revision showed a significant increase of 49% from the 2012 figure, while the 2012 to 2017 change was a decrease of 33%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Easwaran Nagar (B) above that median.

• Easwaran Nagar 1 To 6 Streets: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar: Rs 4,125 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Darmaraja Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Anna Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar (B)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total cost for these fees to Rs 3,71,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on your specific transaction.

Which Sub Registrar Office covers Easwaran Nagar (B)?

The Sub Registrar Office that covers Easwaran Nagar (B) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kilkattalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not below the guideline value to avoid penalties. This ensures transparency and fairness in property transactions, aligning them with government regulations.

Frequently asked questions

What is the current guideline value of Easwaran Nagar (B)?

The current guideline value of Easwaran Nagar (B) is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 2,512 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and finally to Rs 4,125 per sq.ft in 2024.

What is the land classification of Easwaran Nagar (B)?

Easwaran Nagar (B) is classified as Mixed Type - I land according to the guideline value register.

What are the registration fees based on the guideline value?

For a property valued at Rs 41,25,000, the stamp duty is Rs 2,88,750 at 7%, and the registration fee is Rs 82,500 at 2%, totaling Rs 3,71,250 for these fees.

Where is the Sub Registrar Office for Easwaran Nagar (B)?

The Sub Registrar Office for Easwaran Nagar (B) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.