Guideline Value for EASWARAN NAGAR

Easwaran Nagar guideline value

The current guideline value of Easwaran Nagar 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 has changed

The guideline value for Easwaran Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 402 per sq.ft, marking a decrease of 33% from the previous figure. The 2023 revision also maintained the value at Rs 600 per sq.ft, and this has not changed in the 2024 revision either, reflecting a 0% change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 49%, bringing the guideline value back to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable, showing no percentage change.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Easwaran Nagar.

• Easwaran Nagar Phase-II: 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

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

Which Sub Registrar Office covers Easwaran Nagar?

Easwaran Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 is a crucial factor during the registration of properties in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted transparently and fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Easwaran Nagar?

The current guideline value of Easwaran Nagar 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 stable at Rs 600 per sq.ft from 2012 to 2024, with notable changes including a decrease to Rs 402 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the land classification of Easwaran Nagar?

Easwaran Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft would incur a total stamp duty of Rs 42,000.