Guideline Value for EASWARAN NAGAR 1 TO 6 STREETS

Easwaran Nagar 1 To 6 Streets guideline value

The current guideline value for Easwaran Nagar 1 To 6 Streets is Rs 4,125 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village and falls under the Pallavaram SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Easwaran Nagar 1 To 6 Streets has changed

Starting with the oldest revision, the guideline value for Easwaran Nagar 1 To 6 Streets was Rs 3,750 per sq.ft in 2012. This figure saw a decrease of 33% to Rs 2,512 per sq.ft in 2017. Following this, there was a significant increase of 49%, bringing the value up to Rs 3,750 per sq.ft in 2023. The latest revision in 2024 has further increased the guideline value by 10%, resulting in the current rate of Rs 4,125 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing the guideline value of Easwaran Nagar 1 To 6 Streets above this median.

• Easwaran Nagar: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar (B): 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 1 To 6 Streets

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 or the sale price.

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

Which Sub Registrar Office covers Easwaran Nagar 1 To 6 Streets?

The Sub Registrar Office that covers Easwaran Nagar 1 To 6 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Easwaran Nagar 1 To 6 Streets?

The current guideline value of Easwaran Nagar 1 To 6 Streets 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 for Easwaran Nagar 1 To 6 Streets?

The land classification for Easwaran Nagar 1 To 6 Streets is Mixed Type - I.

Where can I find the registration office for Easwaran Nagar 1 To 6 Streets?

The registration office for Easwaran Nagar 1 To 6 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for property transactions in Kilkattalai?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are paid during the registration process.