Guideline Value for EASWARAN NAGAR PHASE-II

Easwaran Nagar Phase-II guideline value

The current guideline value of Easwaran Nagar Phase-II is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Easwaran Nagar Phase-II has changed

Looking at the historical revisions, the guideline value for Easwaran Nagar Phase-II was Rs 600 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision. Prior to that, in the 2017 revision, the value was Rs 402 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 600 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, the guideline value has not changed from 2012 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with the median value being Rs 600 per sq.ft. Easwaran Nagar Phase-II's 2024 figure aligns with this median.

• Easwaran Nagar: Rs 600 per sq.ft (2024)
• Friends Avenue: Rs 600 per sq.ft (2024)
• Ganesh Gardens: Rs 800 per sq.ft (2024)
• Chennai Metro City Phase II: Rs 600 per sq.ft (2024)
• Chennai Metro City Phase I: Rs 600 per sq.ft (2024)
• Gomathi Amman Nagar Annex: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Easwaran Nagar Phase-II?

The Sub Registrar Office covering Easwaran Nagar Phase-II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Kolathur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is documented legally and accurately.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Understanding these values helps in making informed decisions when engaging in real estate activities in Kolathur.

Frequently asked questions

What is the current guideline value of Easwaran Nagar Phase-II?

The current guideline value of Easwaran Nagar Phase-II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the other streets in Kolathur with similar guideline values?

Other streets in Kolathur with a guideline value of Rs 600 per sq.ft in 2024 include Friends Avenue, Chennai Metro City Phase I, Chennai Metro City Phase II, and Gomathi Amman Nagar Annex.

What are the stamp duty and registration fees for property in Easwaran Nagar Phase-II?

For a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft, the total stamp duty and registration fees would be Rs 54,000, which includes Rs 42,000 for stamp duty and Rs 12,000 for registration fees.

Where can I find the Sub Registrar Office for Easwaran Nagar Phase-II?

The Sub Registrar Office for Easwaran Nagar Phase-II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.