Guideline Value for EASWARAN NAGAR SECTOR II

Easwaran Nagar Sector II guideline value

The current guideline value of Easwaran Nagar Sector II is Rs 660 per sq.ft. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Easwaran Nagar Sector II has changed

The guideline value for Easwaran Nagar Sector II has undergone several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 600 per sq.ft, which increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10%.

In the 2024 revision, the guideline value of Rs 660 per sq.ft is equal to the median value for the 86 streets in Thirukkachur - 1 under the Chengleput Joint II SRO, which ranges from Rs 385 to Rs 3,300 per sq.ft.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, the guideline values vary across different streets. The guideline value of Easwaran Nagar Sector II matches the median value, which is Rs 660 per sq.ft. Below are the guideline values for other streets in Thirukkachur - 1:

• Easwaran Nagar: Rs 660 per sq.ft (2024)
• Easwaran Kovil Street: Rs 550 per sq.ft (2024)
• East Mada Veedhi: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)
• Ganapathy Nagar (Chen): Rs 660 per sq.ft (2024)
• Gandhi Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Easwaran Nagar Sector II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 more details.

Which Sub Registrar Office covers Easwaran Nagar Sector II?

The Sub Registrar Office that covers Easwaran Nagar Sector 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 Thirukkachur - 1

The guideline value is a crucial factor during the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardised value rather than the negotiated sale price.

When a property is registered, the guideline value helps determine the financial obligations of the buyer. This ensures transparency and fairness in the transaction process, as both parties are aware of the costs involved based on the established guideline value.

Frequently asked questions

What is the current guideline value of Easwaran Nagar Sector II?

The current guideline value of Easwaran Nagar Sector II is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is a change of +10%.

What classification does Easwaran Nagar Sector II fall under?

Easwaran Nagar Sector II is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Easwaran Nagar Sector II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a guideline value of Rs 6,60,000 would incur a stamp duty of Rs 46,200.

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

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